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McHenry Times

Wednesday, December 18, 2024

McHenry County taxpayers give $1 million in County Share of RTA Sales Tax in February

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

McHenry County taxpayers paid $1 million in County Share of RTA Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Share of RTA Sales Tax collection stood at $1.3 million.

Over the past 12 months, McHenry County's residents have collectively paid a total of $13.6 million in County Share of RTA Sales Tax.

The County Share of RTA Sales Tax, a crucial revenue stream, is primarily allocated for other taxing jurisdictions use.

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.

County Share of RTA Sales Tax Collected in McHenry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$1,013,570-21.2
January$1,286,1908.5
December 2022$1,185,6203.5
November 2022$1,145,180-0.2
October 2022$1,147,260-1
September 2022$1,158,6103.7
August 2022$1,116,830-7.8
July 2022$1,211,3400.5
June 2022$1,205,1208.1
May 2022$1,114,7301.2
April 2022$1,101,39018.4
March 2022$930,202-2.4

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