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Monday, June 30, 2025

Mount Prospect taxpayers give $2.3 million in Municipal Sales Tax in May

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Mount Prospect taxpayers paid $2.3 million in Municipal Sales Tax in May, according to Illinois tax records.

This is a decrease from the month before when $2.8 million was collected.

Taxpayers in Mount Prospect have paid $30.3 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 Mount Prospect in last 12 months
MonthAmount Collected% Change from Previous Month
May$2,342,300-15.9
April$2,785,92016.9
March$2,382,5305.5
February$2,258,870-18.9
January$2,786,7405.5
December 2021$2,641,5902.8
November 2021$2,570,1401.7
October 2021$2,526,790-4.8
September 2021$2,654,19010.3
August 2021$2,407,390-5.1
July 2021$2,536,3206.2
June 2021$2,387,2000.3

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