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McHenry Times

Saturday, April 27, 2024

$968,695 in Countywide Sales Tax collected in October for McHenry County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McHenry County taxpayers paid $968,695 in Countywide Sales Tax in October, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $1 million.

Over the past 12 months, McHenry County's residents have collectively paid a total of $11.5 million in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments 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.

Countywide Sales Tax Collected in McHenry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$968,695-5.2
September$1,021,6902.8
August$994,169-4.2
July$1,038,080-0.8
June$1,046,81012.1
May$933,4632.7
April$908,78115.3
March$787,972-3.3
February$815,117-23.6
January$1,066,2808.3
December 2022$984,3254
November 2022$946,801-0.6

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