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Thursday, November 21, 2024

$126,228 in Countywide Sales Tax collected in August for Boone County

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Boone County taxpayers paid $126,228 in Countywide Sales Tax in August, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Countywide Sales Tax collection stood at $122,817.

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
August$126,2282.8
July$122,817-14.1
June$143,03719
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

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