Quantcast

Galesburg Reporter

Saturday, November 23, 2024

$236,750 in Special County Retailers Occupation Tax collected in May for Knox County

Webp david harris 3

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $236,750 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Special County Retailers Occupation Tax collection stood at $236,739.

Over the past 12 months, Knox County's residents have collectively paid a total of $2.9 million in Special County Retailers Occupation Tax.

The Special County Retailers Occupation 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.

Special County Retailers Occupation Tax Collected in Knox County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$236,7500
April$236,7398.7
March$217,7934.7
February$208,054-24.3
January$274,88813.7
December 2022$241,8482.7
November 2022$235,505-5.8
October 2022$249,9526.3
September 2022$235,135-0.4
August 2022$235,966-8.7
July 2022$258,5872.3
June 2022$252,7413.5

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS