Quantcast

McHenry Times

Thursday, November 21, 2024

McHenry County collects $678,500 in County Motor Fuel Tax in June

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McHenry County taxpayers paid $678,500 in County Motor Fuel Tax in June, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Motor Fuel Tax collection stood at $689,021.

Over the past 12 months, McHenry County's residents have collectively paid a total of $6 million in County Motor Fuel Tax.

The County Motor Fuel Tax is a local sales tax levied on motor fuels, with revenue dedicated to transportation infrastructure projects such as road construction, maintenance, and repair. It aims to enhance road conditions, improve safety, and facilitate efficient transportation.

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 Motor Fuel Tax Collected in McHenry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
June$678,500-1.5
May$689,0218.1
April$637,21611.7
March$570,298-8.6
February$624,22062
January$385,203-0.6
December 2023$387,343-5.9
November 2023$411,7063.7
October 2023$396,942-5.4
September 2023$419,5652.3
August 2023$410,2436
July 2023$387,132-1.9

MORE NEWS