Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $254,010.
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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| August | $234,120 | -7.8 |
| July | $254,010 | -1.1 |
| June | $256,946 | 8.5 |
| May | $236,750 | 0 |
| April | $236,739 | 8.7 |
| March | $217,793 | 4.7 |
| February | $208,054 | -24.3 |
| January | $274,888 | 13.7 |
| December 2022 | $241,848 | 2.7 |
| November 2022 | $235,505 | -5.8 |
| October 2022 | $249,952 | 6.3 |
| September 2022 | $235,135 | -0.4 |
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