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 $332,484.
Over the past 12 months, Kane County's residents have collectively paid a total of $3.5 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 |
|---|---|---|
| July | $315,192 | -5.2 |
| June | $332,484 | 21.2 |
| May | $274,335 | 20.7 |
| April | $227,260 | 25.2 |
| March | $181,529 | -8.5 |
| February | $198,492 | -35.2 |
| January | $306,193 | 0.2 |
| December 2023 | $305,725 | -7.6 |
| November 2023 | $330,896 | -12.4 |
| October 2023 | $377,825 | 6.3 |
| September 2023 | $355,337 | 17.7 |
| August 2023 | $302,013 | -14.6 |
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