Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $313,670.
Over the past 12 months, McHenry County's residents have collectively paid a total of $3.3 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 |
|---|---|---|
| January | $333,881 | 6.4 |
| December 2022 | $313,670 | 7.2 |
| November 2022 | $292,593 | -7 |
| October 2022 | $314,779 | 20.1 |
| September 2022 | $261,996 | 1.3 |
| August 2022 | $258,602 | -14.4 |
| July 2022 | $302,195 | 1.9 |
| June 2022 | $296,485 | 19.1 |
| May 2022 | $248,981 | -1.8 |
| April 2022 | $253,605 | 1.4 |
| March 2022 | $250,118 | 19.8 |
| February 2022 | $208,764 | -25.5 |
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