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Peoria Standard

Monday, November 4, 2024

Woodford County residents pay $304,535 in Special County Retailers Occupation Tax in June

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Woodford County taxpayers paid $304,535 in Special County Retailers Occupation Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $281,204.

Over the past 12 months, Woodford County's residents have collectively paid a total of $3.4 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
June$304,5358.3
May$281,2042.5
April$274,43212.4
March$244,0905.7
February$230,975-21.5
January$294,314-3.9
December 2023$306,2745.6
November 2023$290,0478.8
October 2023$266,709-13.1
September 2023$306,86211.5
August 2023$275,164-4.7
July 2023$288,781-2.2

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