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 $44,533.
Over the past 12 months, Franklin County's residents have collectively paid a total of $469,915 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 |
|---|---|---|
| August | $33,875 | -23.9 |
| July | $44,533 | -0.1 |
| June | $44,597 | 25.9 |
| May | $35,411 | -36.5 |
| April | $55,748 | 101.7 |
| March | $27,641 | 3.6 |
| February | $26,668 | -50.2 |
| January | $53,595 | 23.4 |
| December 2022 | $43,436 | 29.6 |
| November 2022 | $33,509 | -9.2 |
| October 2022 | $36,923 | 8.7 |
| September 2022 | $33,979 | 9.7 |
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