Quantcast

Chambana Sun

Monday, May 6, 2024

$153,846 in County Sales Tax collected in January for Champaign County

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $153,846 in County Sales Tax in January, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $152,052.

Over the past 12 months, Champaign County's residents have collectively paid a total of $1.6 million in County Sales Tax.

The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.

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.

County Sales Tax Collected in Champaign County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$153,8461.2
December 2022$152,052-8.8
November 2022$166,74422.4
October 2022$136,1939.2
September 2022$124,6754
August 2022$119,860-14.4
July 2022$140,102-13.9
June 2022$162,77028.6
May 2022$126,5311.2
April 2022$125,01525.1
March 2022$99,931-1.1
February 2022$101,046-26.7

MORE NEWS