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Monday, November 25, 2024

Summit collects $118,310 in Municipal Sales Tax in May

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Summit taxpayers paid $118,310 in Municipal Sales Tax in May, according to Illinois tax records.

This is a decrease from the month before when $128,502 was collected.

Taxpayers in Summit have paid $1.3 million in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Municipal Sales Tax collected in Summit in last 12 months
MonthAmount Collected% Change from Previous Month
May$118,310-7.9
April$128,50231.4
March$97,7606.6
February$91,698-14.8
January$107,632-2.8
December 2021$110,6763.4
November 2021$107,0800.3
October 2021$106,746-2.9
September 2021$109,8955.3
August 2021$104,332-9.6
July 2021$115,4444.6
June 2021$110,407-1.9

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