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Saturday, November 23, 2024

Menard County collects $30,571 in County Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Menard County taxpayers paid $30,571 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $23,038.

Over the past 12 months, Menard County's residents have collectively paid a total of $295,530 in County Sales Tax.

The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.

Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above 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.

County Sales Tax Collected in Menard County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$30,57132.7
April$23,03816.3
March$19,813-0.1
February$19,835-22
January$25,428-12
December 2023$28,88120.8
November 2023$23,9144.5
October 2023$22,886-7.6
September 2023$24,768-10.3
August 2023$27,6197.2
July 2023$25,75911.9
June 2023$23,0181.8

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