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Sunday, November 24, 2024

Franklin County collects $26,668 in County Sales Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Franklin County taxpayers paid $26,668 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 $53,595.

Over the past 12 months, Franklin County's residents have collectively paid a total of $460,882 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 Franklin County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$26,668-50.2
January$53,59523.4
December 2022$43,43629.6
November 2022$33,509-9.2
October 2022$36,9238.7
September 2022$33,9799.7
August 2022$30,967-18.5
July 2022$37,982-2.9
June 2022$39,116-7.2
May 2022$42,157-22.4
April 2022$54,31092.3
March 2022$28,2400.9

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