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Saturday, November 23, 2024

Lincoln residents pay $305,864 in Municipal Sales Tax in July

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Lincoln taxpayers paid $305,864 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $301,027 was collected.

Taxpayers in Lincoln have paid $3.3 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 Lincoln in last 12 months
MonthAmount Collected% Change from Previous Month
July$305,8641.6
June$301,0277.4
May$280,405-5.4
April$296,39024.4
March$238,189-4.2
February$248,704-14.4
January$290,4396.5
December 2021$272,673-5.4
November 2021$288,1467.1
October 2021$269,020-0.3
September 2021$269,891-2.4
August 2021$276,586-4.8

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