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Saturday, May 18, 2024

Winnebago County collects $4.1 million in Special County Retailers Occupation Tax in February

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Winnebago County taxpayers paid $4.1 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 $5.5 million.

Over the past 12 months, Winnebago County's residents have collectively paid a total of $56.6 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$4,122,160-25.2
January$5,508,85013
December 2023$4,876,8205.3
November 2023$4,632,930-2.5
October 2023$4,751,540-5.2
September 2023$5,011,6005.9
August 2023$4,732,490-6.6
July 2023$5,067,0501
June 2023$5,018,15010
May 2023$4,561,8702.5
April 2023$4,451,05014.6
March 2023$3,885,3300.5

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