Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a noticeable increase from the previous month, where Special County Retailers Occupation Tax collection stood at $280,719.
Over the past 12 months, Woodford County's residents have collectively paid a total of $3.1 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| January | $294,647 | 5 |
| December 2022 | $280,719 | -0.5 |
| November 2022 | $282,223 | 7.2 |
| October 2022 | $263,186 | -1.1 |
| September 2022 | $266,177 | 2.6 |
| August 2022 | $259,516 | -9.5 |
| July 2022 | $286,623 | 2.2 |
| June 2022 | $280,354 | 11.7 |
| May 2022 | $250,924 | 1.8 |
| April 2022 | $246,550 | 27.3 |
| March 2022 | $193,726 | -13.9 |
| February 2022 | $224,929 | -17.7 |
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