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Saturday, May 18, 2024

Madison County responsible for 10th-highest sales tax revenue in Illinois during February

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Madison County taxpayers paid the 10th largest sum in sales taxes in February, according to Illinois tax records.

In total, Madison County residents paid $2.8 million in sales taxes during February.

Madison County also ranked 10th in the Prairie State the month before, with $3.4 million spent in sales taxes.

The Metro-East Transit District Sales Tax accounted for the largest share of sales taxes paid by Madison County residents in February.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% 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.

Composition of Sales Tax Revenue in Madison County in February
Metro-East Transit District Sales Tax [38.3%]Countywide Sales Tax [31.1%]County Flood Protection Tax [24.7%]County Sales Tax [6%]

Sales Taxes Collected in Madison County in February
Type of TaxAmount Collected in Month% Change From Previous Month
Metro-East Transit District Sales Tax$1,071,498-13.5
Countywide Sales Tax$871,371-16.3
County Flood Protection Tax$690,720-18.5
County Sales Tax$167,090-29.1

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