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Lake County Gazette

Sunday, November 24, 2024

Lake County taxpayers give $3.1 million in Countywide Sales Tax in June

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Lake County taxpayers paid $3.1 million in Countywide Sales Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Countywide Sales Tax collection stood at $2.8 million.

Over the past 12 months, Lake County's residents have collectively paid a total of $35 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
June$3,103,84012.7
May$2,755,260-3.9
April$2,866,22023.8
March$2,315,140-6.5
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

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