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Peoria Standard

Wednesday, November 27, 2024

Woodford County residents pay $226,050 in Special County Retailers Occupation Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Woodford County taxpayers paid $226,050 in Special County Retailers Occupation Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $294,647.

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.

Special County Retailers Occupation Tax Collected in Woodford County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$226,050-23.3
January$294,6475
December 2022$280,719-0.5
November 2022$282,2237.2
October 2022$263,186-1.1
September 2022$266,1772.6
August 2022$259,516-9.5
July 2022$286,6232.2
June 2022$280,35411.7
May 2022$250,9241.8
April 2022$246,55027.3
March 2022$193,726-13.9

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