Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $492,553.
Over the past 12 months, Lake County's residents have collectively paid a total of $5.1 million in County Sales Tax.
The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.
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 |
|---|---|---|
| July | $469,752 | -4.6 |
| June | $492,553 | 17.9 |
| May | $417,637 | -8 |
| April | $454,017 | 50.3 |
| March | $302,147 | -23.7 |
| February | $395,748 | -21.2 |
| January | $502,530 | 12.2 |
| December 2023 | $447,979 | -2.9 |
| November 2023 | $461,243 | 22.4 |
| October 2023 | $376,864 | -8.4 |
| September 2023 | $411,379 | 2.1 |
| August 2023 | $403,092 | -17.8 |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
DONATE
Alerts Sign-up