Quantcast

Rockford Sun

Friday, November 22, 2024

Loves Park collects $6.5 million in Municipal Sales Tax in 2021

13edited

Loves Park taxpayers paid $6.5 million in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $5.2 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 Loves Park in recent years
YearAmount Collected% Change from Previous Year
2021$6,465,96623.7
2020$5,226,55320.8
2019$4,325,785-4.6

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS