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East Central Reporter

Tuesday, November 26, 2024

Olney residents pay $189,245 in Municipal Sales Tax in July

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Olney taxpayers paid $189,245 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $190,558 was collected.

Taxpayers in Olney have paid $2.1 million in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Municipal Sales Tax collected in Olney in last 12 months
MonthAmount Collected% Change from Previous Month
July$189,245-0.7
June$190,55810.7
May$172,133-5.9
April$182,98829.1
March$141,697-7.8
February$153,677-20.8
January$193,91910.8
December 2021$175,0273.2
November 2021$169,5263
October 2021$164,6430.4
September 2021$164,058-0.1
August 2021$164,281-6.9

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