Quantcast

North Egypt News

Monday, November 25, 2024

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

Adobestock 294870755

Adobe Stock

Adobe Stock

Buckner residents will have to pay $123,787 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 Franklin County that will be the most affected by Pritzker's proposal is Benton, with residents expected to pay an additional $4,578,391 in income taxes -- approximately $1,463 per person in the labor force. Coello will pay only $68,014 more in comparison, the least among Franklin County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Benton$11,684,091$4,578,391$1,463
West Frankfort$11,192,348$4,385,702$1,378
Sesser$2,939,115$1,151,687$1,399
Thompsonville$2,824,078$1,106,610$4,918
Mulkeytown$2,417,911$947,454$13,535
Christopher$2,257,072$884,430$779
Royalton$1,367,259$535,758$1,061
Zeigler$1,163,060$455,743$559
Ewing$963,217$377,435$3,119
Valier$627,343$245,823$833
Whittington$482,690$189,141--
Buckner$315,905$123,787$648
Logan$260,696$102,153--
Orient$260,267$101,985$836
Coello$173,572$68,014--

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.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

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

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS