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Saturday, November 23, 2024

Potomac collects $5,955 in Municipal Sales Tax in May

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Potomac taxpayers paid $5,955 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $5,953 was collected.

Taxpayers in Potomac have paid $61,368 in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Municipal Sales Tax collected in Potomac in last 12 months
MonthAmount Collected% Change from Previous Month
May$5,9550
April$5,95354.9
March$3,843-11.3
February$4,334-17.5
January$5,2554.4
December 2021$5,033-0.4
November 2021$5,0521
October 2021$5,001-9
September 2021$5,49411.5
August 2021$4,929-14.4
July 2021$5,75620.8
June 2021$4,763-8

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