Quantcast

Kane County Reporter

Sunday, November 24, 2024

$1.8 million in Countywide Sales Tax collected in July for Kane County

Webp david harris 2

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Kane County taxpayers paid $1.8 million in Countywide Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $1.9 million.

Over the past 12 months, Kane County's residents have collectively paid a total of $20.7 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 Kane County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$1,811,760-5.5
June$1,916,45012.1
May$1,709,580-0.3
April$1,714,21014.9
March$1,492,1703.5
February$1,441,540-25.7
January$1,940,27012
December 2023$1,732,6704.5
November 2023$1,658,450-3.6
October 2023$1,720,680-6.6
September 2023$1,841,9406.2
August 2023$1,734,800-7.2

MORE NEWS