Quantcast

DeKalb Times

Sunday, November 24, 2024

Genoa residents pay $694,214 in Municipal Sales Tax in 2021

9edited

Genoa taxpayers paid $694,214 in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $614,497 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 Genoa in recent years
YearAmount Collected% Change from Previous Year
2021$694,21413
2020$614,4979.4
2019$561,741-16.5

MORE NEWS