Quantcast

Kane County Reporter

Saturday, May 18, 2024

Kane County taxpayers give $1.8 million in County Share of RTA Sales Tax in February

Webp david harris 3

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Kane County taxpayers paid $1.8 million in County Share of RTA Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Share of RTA Sales Tax collection stood at $2.3 million.

Over the past 12 months, Kane County's residents have collectively paid a total of $24.2 million in County Share of RTA Sales Tax.

The County Share of RTA Sales Tax, a crucial revenue stream, is primarily allocated for other taxing jurisdictions 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.

County Share of RTA Sales Tax Collected in Kane County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$1,770,360-22.6
January$2,286,5809.1
December 2022$2,096,5301.3
November 2022$2,070,0300.1
October 2022$2,068,800-1
September 2022$2,089,5703.1
August 2022$2,026,940-6.3
July 2022$2,164,1201.1
June 2022$2,140,5608.8
May 2022$1,966,9601.8
April 2022$1,933,07020.2
March 2022$1,607,920-0.7

MORE NEWS