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DeKalb Times

Tuesday, November 26, 2024

Sycamore taxpayers give $3.6 million in Municipal Sales Tax in 2020

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Sycamore taxpayers paid $3.6 million in Municipal Sales Tax in 2020, according to Illinois tax records.

This is a decrease from the year before when $8.3 million was collected.

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 Sycamore in recent years
YearAmount Collected% Change from Previous Year
2020$3,601,181-56.4
2019$8,261,044-13.8

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