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Monday, November 25, 2024

Champaign County collects $7.4 million in Countywide Sales Tax in 2022

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Champaign County taxpayers paid $7.4 million in Countywide Sales Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where Countywide Sales Tax collection stood at $7 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 Champaign County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$7,409,0296.5
2021$6,959,53130.7
2020$5,323,6151.1
2019$5,263,186-8.7

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