Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $494,783.
Over the past 12 months, Cook County's residents have collectively paid a total of $5.4 million in County Sales Tax.
The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.
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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| September | $467,376 | -5.5 |
| August | $494,783 | -3.4 |
| July | $512,442 | -0.1 |
| June | $512,744 | 11.2 |
| May | $461,113 | -0.2 |
| April | $462,197 | 19.4 |
| March | $387,206 | 0.9 |
| February | $383,877 | -29.8 |
| January | $546,466 | 22.1 |
| December 2023 | $447,452 | -0.1 |
| November 2023 | $447,734 | 38.8 |
| October 2023 | $322,619 | -10.8 |
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