Quantcast

Will County Gazette

Sunday, December 22, 2024

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

Webp david harris 4

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 $32.2 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$2,483,840-4
April$2,587,64019.1
March$2,172,540-9.5
February$2,401,020-21.1
January$3,042,29011.5
December 2023$2,729,7307.1
November 2023$2,548,7900.3
October 2023$2,541,700-7.6
September 2023$2,749,5202.8
August 2023$2,675,080-23.5
July 2023$3,495,85024.4
June 2023$2,810,43012.1

MORE NEWS