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Will County Gazette

Sunday, November 24, 2024

$2.5 million in Countywide Sales Tax collected in May for Will County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Will County taxpayers paid $2.5 million in Countywide Sales Tax in May, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Countywide Sales Tax collection stood at $2.6 million.

Over the past 12 months, Will County's residents have collectively paid a total of $30.9 million in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

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.

Countywide Sales Tax Collected in Will County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$2,508,050-2.7
April$2,577,25022
March$2,113,010-2.9
February$2,175,840-26.2
January$2,947,18010.1
December 2022$2,677,0501.2
November 2022$2,644,4200.6
October 2022$2,627,5300
September 2022$2,628,0901.3
August 2022$2,593,720-5.2
July 2022$2,736,4001.4
June 2022$2,697,8608.9

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