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Lake County Gazette

Saturday, November 23, 2024

Lake County taxpayers give $2.5 million in Countywide Sales Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Lake County taxpayers paid $2.5 million in Countywide Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $3.3 million.

Over the past 12 months, Lake County's residents have collectively paid a total of $34.4 million 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 Lake County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$2,476,080-26.1
January$3,348,64015.3
December 2022$2,903,9000.3
November 2022$2,894,510-5.8
October 2022$3,072,060-1.3
September 2022$3,112,7306.9
August 2022$2,910,770-8.8
July 2022$3,192,4605.4
June 2022$3,028,27031.2
May 2022$2,308,060-16.7
April 2022$2,771,64018.7
March 2022$2,334,610-2.9

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