North Egypt News

North Egypt News

Wednesday, February 19, 2020

Analysis: How much more will Jefferson County residents pay in income taxes?

Politics

By Metric Media News Service | Feb 13, 2020

Money759

Jefferson County residents will have to pay $16,619,167 more in state income taxes if Gov. J.B. Pritzker's proposed tax hike is to generate the $10.3 billion in additional tax revenue that he has promised, according to a North Egypt News analysis of Illinois Department of Revenue data.

Pritzker claims the additional tax revenue will "eliminate the budget deficit."

The city in Jefferson County that will be the most affected by Pritzker's proposal is Mount Vernon, with residents expected to pay an additional $11,226,319 in income taxes -- approximately $1,670 per person in the labor force. Ina will pay only $287,763 more -- approximately $1,693 per person in the labor force in comparison, the least among Jefferson County cities.

The following table shows how other cities in Jefferson County are affected.

How much more will residents from Jefferson County pay on the proposal?

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Mount Vernon
$28,649,658
$11,226,319
$1,670
Woodlawn
$2,795,492
$1,095,409
$3,309
Bluford
$2,072,499
$812,105
$2,314
Dix
$1,567,364
$614,169
$5,034
Bonnie
$1,373,549
$538,223
$3,738
Waltonville
$1,191,701
$466,966
$2,524
Opdyke
$1,183,012
$463,561
$5,268
Belle Rive
$1,045,719
$409,763
$3,013
Texico
$949,183
$371,936
--
Scheller
$849,699
$332,953
--
Ina
$734,374
$287,763
$1,693

Per person increases have been calculated using the most recent data about people in the labor force as provided by the U.S. Census Bureau's ongoing American Community Survey.

Want to get notified whenever we write about any of these organizations ?

Sign-up Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

State of IllinoisVillage of WoodlawnVillage of DixVillage of InaCity of Mt. VernonVillage of WaltonvilleVillage of BonnieVillage of Belle RiveVillage of BlufordOpdyke

More News