Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a noticeable increase from the previous month, where County School Facility Tax collection stood at $119,329.
Over the past 12 months, Bond County's residents have collectively paid a total of $1.4 million in County School Facility Tax.
The County School Facility Tax is a local sales tax that funds school construction and repairs. The tax is typically imposed at a rate up to 1%. It was authorized in Illinois in 2007 and, since then, has been adopted by over 60 counties. The tax has gained popularity since it's supposed to provide funding for schools without increasing property taxes.
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 |
|---|---|---|
| September | $121,515 | 1.8 |
| August | $119,329 | 3.6 |
| July | $115,230 | -7.1 |
| June | $124,087 | 7.8 |
| May | $115,127 | 1.1 |
| April | $113,825 | 16.4 |
| March | $97,813 | 8 |
| February | $90,545 | -32.1 |
| January | $133,321 | 19.3 |
| December 2023 | $111,748 | -3.5 |
| November 2023 | $115,788 | -1.8 |
| October 2023 | $117,875 | -3.4 |
Alerts Sign-up