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Rockford Sun

Thursday, May 16, 2024

Cherry Valley taxpayers give $3.4 million in Municipal Sales Tax in 2021

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Cherry Valley taxpayers paid $3.4 million in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $2.8 million was collected.

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 Cherry Valley in recent years
YearAmount Collected% Change from Previous Year
2021$3,382,64321.2
2020$2,791,741-2.9
2019$2,874,922-14.3

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