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Galesburg Reporter

Tuesday, November 26, 2024

Knox County residents pay $137,679 in Countywide Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $137,679 in Countywide Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $149,253.

Over the past 12 months, Knox County's residents have collectively paid a total of $1.7 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 Knox County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$137,679-7.8
April$149,25313.7
March$131,281-12.3
February$149,679-4.7
January$157,03611.9
December 2023$140,387-2.1
November 2023$143,3660
October 2023$143,4331.1
September 2023$141,8213.6
August 2023$136,891-9.1
July 2023$150,615-0.8
June 2023$151,7619.7

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