Quantcast

Rock Island Today

Wednesday, December 18, 2024

$1.3 million in County School Facility Tax collected in October for Rock Island County

Webp david harris 2

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Rock Island County taxpayers paid $1.3 million in County School Facility Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County School Facility Tax collection stood at $1.3 million.

Over the past 12 months, Rock Island County's residents have collectively paid a total of $15.1 million in County School Facility Tax.

The County School Facility Tax is a local sales tax that funds school construction and repairs. The tax is typically imposed at a rate up to 1%. It was authorized in Illinois in 2007 and, since then, has been adopted by over 60 counties. The tax has gained popularity since it's supposed to provide funding for schools without increasing property taxes.

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 School Facility Tax Collected in Rock Island County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$1,291,970-0.1
September$1,293,0701.4
August$1,275,560-5
July$1,342,630-2.4
June$1,376,03012.3
May$1,224,790-1.7
April$1,245,93020
March$1,038,470-2
February$1,059,740-26
January$1,431,95013.3
December 2022$1,263,6100.6
November 2022$1,256,150-1.7

MORE NEWS