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 $144,894.
Over the past 12 months, Peoria County's residents have collectively paid a total of $1.8 million 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 |
|---|---|---|
| June | $176,855 | 22.1 |
| May | $144,894 | 6.1 |
| April | $136,527 | 23.3 |
| March | $110,739 | -2.7 |
| February | $113,765 | -27.3 |
| January | $156,435 | 10 |
| December 2022 | $142,167 | -2.6 |
| November 2022 | $145,966 | -13.5 |
| October 2022 | $168,764 | 13.9 |
| September 2022 | $148,152 | -4.1 |
| August 2022 | $154,533 | -9.7 |
| July 2022 | $171,215 | 7.1 |
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