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Saturday, November 23, 2024

Sangamon County taxpayers give $169,647 in County Sales Tax in July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Sangamon County taxpayers paid $169,647 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $181,610.

Over the past 12 months, Sangamon County's residents have collectively paid a total of $2.1 million 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 Sangamon County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$169,647-6.6
June$181,610-2.7
May$186,55917.8
April$158,34022.6
March$129,2032.8
February$125,732-30.3
January$180,35819.1
December 2023$151,495-9.6
November 2023$167,632-3.8
October 2023$174,328-30.1
September 2023$249,48137.3
August 2023$181,694-5.9

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