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Tuesday, November 19, 2024

Henry County taxpayers give $121,639 in Countywide Sales Tax in October

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Henry County taxpayers paid $121,639 in Countywide Sales Tax in October, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Countywide Sales Tax collection stood at $118,170.

Over the past 12 months, Henry County's residents have collectively paid a total of $1.4 million in Countywide Sales Tax.

The Countywide Sales 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.

Countywide Sales Tax Collected in Henry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$121,6392.9
September$118,1700.5
August$117,536-4.3
July$122,855-6.6
June$131,47610
May$119,521-0.8
April$120,50820.5
March$100,025-4
February$104,156-16.7
January$125,0890.3
December 2022$124,721-1.6
November 2022$126,7167.7

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