Quantcast

Lake County Gazette

Monday, December 23, 2024

Lake County collects $2.8 million in County Share of RTA Sales Tax in March

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Lake County taxpayers paid $2.8 million in County Share of RTA Sales Tax in March, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Share of RTA Sales Tax collection stood at $3 million.

Over the past 12 months, Lake County's residents have collectively paid a total of $40.1 million in County Share of RTA Sales Tax.

The County Share of RTA Sales Tax, a crucial revenue stream, is primarily allocated for other taxing jurisdictions 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.

County Share of RTA Sales Tax Collected in Lake County Over Last 12 months
MonthAmount Collected% Change from Previous Month
March$2,770,150-6.8
February$2,970,980-23.6
January$3,890,61014
December 2022$3,412,1301.1
November 2022$3,374,050-5.6
October 2022$3,574,480-0.7
September 2022$3,599,3808.2
August 2022$3,326,040-9.7
July 2022$3,684,2105.4
June 2022$3,496,66026.7
May 2022$2,758,800-14.2
April 2022$3,215,40016.8

MORE NEWS