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Monday, November 25, 2024

$61,364 in County Sales Tax collected in May for Lee County

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Lee County taxpayers paid $61,364 in County Sales Tax in May, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $64,436.

Over the past 12 months, Lee County's residents have collectively paid a total of $739,406 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.

County Sales Tax Collected in Lee County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$61,364-4.8
April$64,43630.1
March$49,519-2.2
February$50,628-16.8
January$60,847-3.4
December 2023$62,983-1.8
November 2023$64,1306.9
October 2023$59,994-9.4
September 2023$66,1920.4
August 2023$65,901-5.2
July 2023$69,5388.9
June 2023$63,87417.4

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