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Galesburg Reporter

Friday, November 22, 2024

Knox County taxpayers give $1.7 million in Countywide Sales Tax in 2022

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Knox County taxpayers paid $1.7 million in Countywide Sales Tax in 2022, according to Illinois tax records.

This figure marks a noticeable increase from the previous year, where Countywide Sales Tax collection stood at $1.6 million.

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 Knox County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$1,677,0292.3
2021$1,640,02824.8
2020$1,314,4998.4
2019$1,213,151-10.2

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