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 Special County Retailers Occupation Tax collection stood at $894,676.
Over the past 12 months, Peoria County's residents have collectively paid a total of $10.9 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 |
|---|---|---|
| June | $975,807 | 9.1 |
| May | $894,676 | 2.2 |
| April | $875,696 | 15 |
| March | $761,484 | -0.9 |
| February | $768,674 | -27.6 |
| January | $1,062,250 | 14.6 |
| December 2022 | $926,988 | 1.5 |
| November 2022 | $913,158 | -3 |
| October 2022 | $941,260 | 5.1 |
| September 2022 | $895,450 | -2.1 |
| August 2022 | $914,919 | -4.1 |
| July 2022 | $954,236 | 0 |
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