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Lake County Gazette

Sunday, November 24, 2024

Lake Forest collects $271,062 in Municipal Sales Tax in July

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Lake Forest taxpayers paid $271,062 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $246,933 was collected.

Taxpayers in Lake Forest have paid $2.7 million in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Municipal Sales Tax collected in Lake Forest in last 12 months
MonthAmount Collected% Change from Previous Month
July$271,0629.8
June$246,93311.9
May$220,63912.6
April$196,0295.3
March$186,112-4.7
February$195,285-27.8
January$270,38410.3
December 2021$245,21611.6
November 2021$219,780-5
October 2021$231,3394.9
September 2021$220,623-3.1
August 2021$227,787-4.3

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