Quantcast

Rockford Sun

Sunday, November 24, 2024

$5.2 million in Special County Retailers Occupation Tax collected in June for Winnebago County

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Winnebago County taxpayers paid $5.2 million in Special County Retailers Occupation Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $4.6 million.

Over the past 12 months, Winnebago County's residents have collectively paid a total of $57.5 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
June$5,187,22012.2
May$4,621,520-3.9
April$4,810,62014.6
March$4,196,7501.8
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

MORE NEWS