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McHenry Times

Thursday, May 23, 2024

Algonquin collects $631,382 in Municipal Sales Tax in March

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Algonquin taxpayers paid $631,382 in Municipal Sales Tax in March, according to Illinois tax records.

This is an increase over the month before when $620,982 was collected.

Taxpayers in Algonquin have paid $8.9 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 Algonquin in last 12 months
MonthAmount Collected% Change from Previous Month
March$631,3821.7
February$620,982-32.5
January$920,10014.2
December 2021$805,58712.3
November 2021$717,348-1.3
October 2021$726,764-1.6
September 2021$738,3702.2
August 2021$722,762-8.7
July 2021$791,8323.5
June 2021$765,28110.6
May 2021$691,936-6.1
April 2021$736,54036.9

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