Quantcast

East Central Reporter

Sunday, May 5, 2024

Coles County collects $35,262 in County Sales Tax in February

Webp david harris 3

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Coles County taxpayers paid $35,262 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $51,291.

Over the past 12 months, Coles County's residents have collectively paid a total of $481,948 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 Coles County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$35,262-31.3
January$51,29135.7
December 2022$37,8019.4
November 2022$34,559-18.8
October 2022$42,58220.7
September 2022$35,289-6.1
August 2022$37,574-28.2
July 2022$52,35943.9
June 2022$36,384-3.4
May 2022$37,661-28.8
April 2022$52,87786.8
March 2022$28,309-9.3

MORE NEWS