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Wednesday, December 18, 2024

Sherman taxpayers give $42,255 in Municipal Sales Tax in February

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Sherman taxpayers paid $42,255 in Municipal Sales Tax in February, according to Illinois tax records.

This is a decrease from the month before when $51,075 was collected.

Taxpayers in Sherman have paid $539,095 in Municipal Sales Tax in the last 12 months.

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 Sherman in last 12 months
MonthAmount Collected% Change from Previous Month
February$42,255-17.3
January$51,07513.6
December 2021$44,979-7.2
November 2021$48,4754
October 2021$46,622-2.4
September 2021$47,7562.5
August 2021$46,5890.7
July 2021$46,283-1.4
June 2021$46,92414.4
May 2021$41,001-3.9
April 2021$42,67623.8
March 2021$34,460-13.6

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