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McHenry Times

Monday, November 25, 2024

Richmond collects $43,245 in Municipal Sales Tax in July

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Richmond taxpayers paid $43,245 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $44,181 was collected.

Taxpayers in Richmond have paid $461,693 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 Richmond in last 12 months
MonthAmount Collected% Change from Previous Month
July$43,245-2.1
June$44,18120.8
May$36,580-8.1
April$39,81919.6
March$33,3046.8
February$31,180-26.8
January$42,62322.9
December 2021$34,688-5.6
November 2021$36,739-16.4
October 2021$43,94318.5
September 2021$37,093-3.1
August 2021$38,298-5.7

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