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Wednesday, November 27, 2024

$29,247 in County Sales Tax collected in February for Fulton County

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Fulton County taxpayers paid $29,247 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $38,372.

Over the past 12 months, Fulton County's residents have collectively paid a total of $366,101 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 Fulton County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$29,247-23.8
January$38,37230.1
December 2022$29,491-9.9
November 2022$32,733-3.6
October 2022$33,97023.8
September 2022$27,4441.9
August 2022$26,923-11.8
July 2022$30,5336.5
June 2022$28,6615.1
May 2022$27,275-9.9
April 2022$30,261-3
March 2022$31,19142.6

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