Quantcast

McHenry Times

Wednesday, November 6, 2024

McHenry County taxpayers give $1.2 million in County Share of RTA Sales Tax in July

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

McHenry County taxpayers paid $1.2 million in County Share of RTA Sales Tax in July, according to Illinois tax records.

This figure marks a noticeable 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 $14.6 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
July$1,247,120-4.4
June$1,304,62011.6
May$1,169,490-2.7
April$1,201,51014
March$1,053,530-6
February$1,120,590-18.8
January$1,380,16012.5
December 2023$1,227,1104.5
November 2023$1,174,000-1.7
October 2023$1,194,660-6.3
September 2023$1,274,5005.7
August 2023$1,206,220-0.4

MORE NEWS