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Friday, November 1, 2024

Bond County residents pay $30,700 in Countywide Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Bond County taxpayers paid $30,700 in Countywide Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $33,339.

Over the past 12 months, Bond County's residents have collectively paid a total of $383,899 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 Bond County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$30,700-7.9
June$33,3393
May$32,382-1
April$32,72412.8
March$29,01510.8
February$26,177-30.5
January$37,69023.3
December 2023$30,571-3.3
November 2023$31,614-3.5
October 2023$32,773-0.2
September 2023$32,841-3.6
August 2023$34,0730.2

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