Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $566,709.
Over the past 12 months, Cook County's residents have collectively paid a total of $5.3 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.
Month | Amount Collected | % Change from Previous Month |
---|---|---|
July | $522,877 | -7.7 |
June | $566,709 | 45.2 |
May | $390,229 | -9.8 |
April | $432,596 | 17.9 |
March | $366,771 | 1.9 |
February | $359,958 | -27.7 |
January | $497,617 | 23.7 |
December 2022 | $402,428 | 2.5 |
November 2022 | $392,661 | -11.5 |
October 2022 | $443,803 | -8.4 |
September 2022 | $484,711 | 15.5 |
August 2022 | $419,601 | -9.7 |
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