Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $62,476.
Over the past 12 months, Stephenson County's residents have collectively paid a total of $837,962 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| July | $66,738 | 6.8 |
| June | $62,476 | -28.5 |
| May | $87,404 | 32.6 |
| April | $65,895 | 21.8 |
| March | $54,106 | -17.8 |
| February | $65,799 | -25.6 |
| January | $88,479 | 1.3 |
| December 2023 | $87,310 | 20.3 |
| November 2023 | $72,604 | 12.6 |
| October 2023 | $64,502 | -1 |
| September 2023 | $65,152 | 13.3 |
| August 2023 | $57,497 | -6.9 |
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