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Thursday, November 14, 2024

Boone County taxpayers give $120,187 in Countywide Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Boone County taxpayers paid $120,187 in Countywide Sales Tax in May, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Countywide Sales Tax collection stood at $117,992.

Over the past 12 months, Boone County's residents have collectively paid a total of $1.6 million in Countywide Sales Tax.

The Countywide Sales 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.

Countywide Sales Tax Collected in Boone County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$120,1871.9
April$117,99210.8
March$106,489-16.5
February$127,591-16.8
January$153,304-0.1
December 2023$153,4723.3
November 2023$148,633-2.2
October 2023$152,008-3
September 2023$156,64919.5
August 2023$131,111-5
July 2023$138,0241.2
June 2023$136,44911

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