© 2023 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Other

High gas prices mean more moola for state government

1759582-404399953.jpg

By AP/KWMU

Springfield, Ill. – The state of Illinois has collected an estimated $65 million more this year in sales tax revenue than last year; gas prices are the reason.

Revenue Department spokeswoman Geraldine Conrad says Illinois took in $345 million in gasoline sales tax during the first nine months of the fiscal year that ended June 30th.

Motorists in Illinois pay a 6.25% sales tax on the pump price of gas. The state gets 5%; the remaining 1.25% goes to local governments.

Governor Rod Blagojevich has said he's looking at ways to help consumers deal with surging gasoline prices, but he hasn't yet made any specific proposals.

Other

Send questions and comments about this story to feedback@stlpublicradio.org.