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Thursday, May 2, 2024

Loves Park collects $567,276 in Municipal Sales Tax in May

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Loves Park taxpayers paid $567,276 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $559,859 was collected.

Taxpayers in Loves Park have paid $6.6 million in Municipal Sales Tax in the last 12 months.

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 last 12 months
MonthAmount Collected% Change from Previous Month
May$567,2761.3
April$559,85922.1
March$458,342-0.8
February$461,948-21.6
January$589,3729.8
December 2021$536,5310.9
November 2021$532,0060.6
October 2021$528,814-17.2
September 2021$639,00818
August 2021$541,580-6.9
July 2021$581,458-6.9
June 2021$624,2559

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