Quantcast

Peoria Standard

Tuesday, December 3, 2024

$28,479 in County Sales Tax collected in May for Fulton County

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Fulton County taxpayers paid $28,479 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $31,910.

Over the past 12 months, Fulton County's residents have collectively paid a total of $395,830 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
May$28,479-10.8
April$31,9108.3
March$29,459-2.8
February$30,322-32
January$44,59228.1
December 2023$34,822-1.4
November 2023$35,3182.2
October 2023$34,5428.3
September 2023$31,8925.2
August 2023$30,326-6.8
July 2023$32,5332.8
June 2023$31,63523.8

MORE NEWS