Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $258,320.
Over the past 12 months, Kane County's residents have collectively paid a total of $2.8 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 |
|---|---|---|
| January | $235,030 | -9 |
| December 2022 | $258,320 | -7.1 |
| November 2022 | $278,086 | 6.3 |
| October 2022 | $261,677 | 6.1 |
| September 2022 | $246,531 | -0.9 |
| August 2022 | $248,771 | -8.8 |
| July 2022 | $272,735 | -7 |
| June 2022 | $293,280 | 41.3 |
| May 2022 | $207,589 | 11.1 |
| April 2022 | $186,775 | 44.7 |
| March 2022 | $129,086 | -13.1 |
| February 2022 | $148,601 | -37.1 |
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