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Tuesday, November 5, 2024

$3.9 million in Special County Retailers Occupation Tax collected in February for Winnebago County

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Winnebago County taxpayers paid $3.9 million in Special County Retailers Occupation Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $5.4 million.

Over the past 12 months, Winnebago County's residents have collectively paid a total of $55.8 million in Special County Retailers Occupation Tax.

The Special County Retailers Occupation 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.

Special County Retailers Occupation Tax Collected in Winnebago County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$3,864,580-28.7
January$5,421,48013
December 2022$4,798,9802.1
November 2022$4,698,500-0.3
October 2022$4,711,0701.3
September 2022$4,652,1700.2
August 2022$4,642,120-8.3
July 2022$5,061,3102.9
June 2022$4,916,8406.6
May 2022$4,610,570-1
April 2022$4,658,84023.6
March 2022$3,769,1201.2

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