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Monday, December 23, 2024

Springfield residents pay $3 million in Municipal Sales Tax in May

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Springfield taxpayers paid $3 million in Municipal Sales Tax in May, according to Illinois tax records.

This is a decrease from the month before when $3 million was collected.

Taxpayers in Springfield have paid $34.5 million 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 Springfield in last 12 months
MonthAmount Collected% Change from Previous Month
May$2,989,190-1.5
April$3,035,37029.3
March$2,347,260-5.6
February$2,485,460-23.2
January$3,235,95012.8
December 2021$2,867,8301.7
November 2021$2,818,8200.5
October 2021$2,803,500-2.6
September 2021$2,878,8000.8
August 2021$2,856,310-3.8
July 2021$2,969,710-7.7
June 2021$3,218,92010.8

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