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South West Illinois News

Thursday, November 21, 2024

Waterloo residents pay $248,024 in Municipal Sales Tax in May

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Waterloo taxpayers paid $248,024 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $241,969 was collected.

Taxpayers in Waterloo have paid $2.8 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 Waterloo in last 12 months
MonthAmount Collected% Change from Previous Month
May$248,0242.5
April$241,96921.1
March$199,807-12.6
February$228,522-12.5
January$261,25212
December 2021$233,244-5
November 2021$245,4944.9
October 2021$234,0882.5
September 2021$228,430-1.7
August 2021$232,333-1.1
July 2021$234,973-3.1
June 2021$242,404-0.1

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