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Friday, November 22, 2024

Savoy residents pay $239,796 in Municipal Sales Tax in July

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Savoy taxpayers paid $239,796 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $250,011 was collected.

Taxpayers in Savoy have paid $2.8 million 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 Savoy in last 12 months
MonthAmount Collected% Change from Previous Month
July$239,796-4.1
June$250,0114.7
May$238,8423.8
April$230,01820.7
March$190,522-11.6
February$215,534-12
January$244,81216.9
December 2021$209,342-11.2
November 2021$235,6746.7
October 2021$220,837-9
September 2021$242,598-2.2
August 2021$248,1591.4

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