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McHenry Times

Friday, November 15, 2024

$1.1 million in Countywide Sales Tax collected in January 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 $1.1 million in Countywide Sales Tax in January, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Countywide Sales Tax collection stood at $988,674.

Over the past 12 months, McHenry County's residents have collectively paid a total of $11.6 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
January$1,118,62013.1
December 2023$988,6744.4
November 2023$947,214-2.2
October 2023$968,695-5.2
September 2023$1,021,6902.8
August 2023$994,169-4.2
July 2023$1,038,080-0.8
June 2023$1,046,81012.1
May 2023$933,4632.7
April 2023$908,78115.3
March 2023$787,972-3.3
February 2023$815,117-23.6

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