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DeKalb Times

Sunday, November 24, 2024

$64,282 in Municipal Sales Tax collected in May for Genoa

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Genoa taxpayers paid $64,282 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $62,540 was collected.

Taxpayers in Genoa have paid $711,827 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 Genoa in last 12 months
MonthAmount Collected% Change from Previous Month
May$64,2822.8
April$62,54030.5
March$47,936-10.5
February$53,541-9.6
January$59,237-3.1
December 2021$61,1208.2
November 2021$56,482-6.5
October 2021$60,4144.8
September 2021$57,638-7.5
August 2021$62,320-3.3
July 2021$64,4264.1
June 2021$61,8911.9

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