Quantcast

Sangamon Sun

Tuesday, December 17, 2024

Lincoln collects $3.3 million in Municipal Sales Tax in 2021

5edited

Lincoln taxpayers paid $3.3 million in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $2.8 million was collected.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Municipal Sales Tax collected in Lincoln in recent years
YearAmount Collected% Change from Previous Year
2021$3,318,50118.7
2020$2,795,1716.5
2019$2,623,942-6.7

MORE NEWS