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McLean County Times

Friday, November 22, 2024

McLean County collects $88,123 in County Sales Tax in May

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

McLean County taxpayers paid $88,123 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $83,199.

Over the past 12 months, McLean County's residents have collectively paid a total of $1.1 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.

County Sales Tax Collected in McLean County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$88,1235.9
April$83,19918.5
March$70,204-13.7
February$81,306-24.7
January$108,0121.1
December 2022$106,873-2
November 2022$109,06214.9
October 2022$94,8894.3
September 2022$90,986-1.6
August 2022$92,462-4.2
July 2022$96,4874.9
June 2022$92,01823.3

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