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Quincy Reporter

Wednesday, November 13, 2024

Loraine taxpayers give $2,449 in Municipal Sales Tax in May

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Loraine taxpayers paid $2,449 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $1,298 was collected.

Taxpayers in Loraine have paid $18,220 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 Loraine in last 12 months
MonthAmount Collected% Change from Previous Month
May$2,44988.7
April$1,2985.4
March$1,232-1.2
February$1,247-24.5
January$1,6513.8
December 2021$1,59113.9
November 2021$1,3974.8
October 2021$1,333-12.4
September 2021$1,5217.7
August 2021$1,4120.4
July 2021$1,407-16.3
June 2021$1,6823.6

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