Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $89,875.
Over the past 12 months, Boone County's residents have collectively paid a total of $1.1 million in County Sales Tax.
The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.
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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| September | $97,469 | 8.4 |
| August | $89,875 | -14.2 |
| July | $104,736 | -16.4 |
| June | $125,210 | 17.8 |
| May | $106,258 | 80.7 |
| April | $58,798 | -0.2 |
| March | $58,893 | -9.4 |
| February | $65,019 | -27.7 |
| January | $89,917 | -13 |
| December 2022 | $103,404 | -18.6 |
| November 2022 | $127,023 | 7.6 |
| October 2022 | $118,053 | 8.1 |
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