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Saturday, November 23, 2024

Franklin County taxpayers give $77,505 in Countywide Sales Tax in October

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Franklin County taxpayers paid $77,505 in Countywide Sales Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Countywide Sales Tax collection stood at $77,659.

Over the past 12 months, Franklin County's residents have collectively paid a total of $931,843 in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

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.

Countywide Sales Tax Collected in Franklin County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$77,505-0.2
September$77,659-0.2
August$77,820-7.5
July$84,0941
June$83,2978
May$77,135-9.1
April$84,84427.5
March$66,534-1.8
February$67,779-20.9
January$85,67015.5
December 2022$74,177-1.5
November 2022$75,329-0.2

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