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Saturday, November 23, 2024

Schaumburg taxpayers give $3.5 million in Municipal Sales Tax in July

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Schaumburg taxpayers paid $3.5 million in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $3.3 million was collected.

Taxpayers in Schaumburg have paid $38.7 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 Schaumburg in last 12 months
MonthAmount Collected% Change from Previous Month
July$3,494,0504.5
June$3,342,1005.6
May$3,163,400-8.4
April$3,455,22030.7
March$2,644,1002.5
February$2,579,190-33.6
January$3,884,21018.7
December 2021$3,270,9705.3
November 2021$3,106,030-3
October 2021$3,203,400-2.3
September 2021$3,277,1900.2
August 2021$3,270,930-6.7

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