Quantcast

DeKalb Times

Saturday, November 23, 2024

$431,758 in Municipal Sales Tax collected in May for Sycamore

17edited

Sycamore taxpayers paid $431,758 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $427,338 was collected.

Taxpayers in Sycamore have paid $4.8 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 Sycamore in last 12 months
MonthAmount Collected% Change from Previous Month
May$431,7581
April$427,33825.7
March$339,933-1.2
February$343,997-20.7
January$433,932-0.7
December 2021$436,8368
November 2021$404,6403.6
October 2021$390,7011.1
September 2021$386,322-5.3
August 2021$407,870-2
July 2021$416,2221
June 2021$412,0250.7

MORE NEWS