West Central Reporter

West Central Reporter

Wednesday, February 19, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money759

Morgan County residents will have to pay $15,877,173 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 West Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Morgan County that will be the most affected by Pritzker's proposal is Jacksonville, with residents expected to pay an additional $11,716,380 in income taxes -- approximately $1,320 per person in the labor force. Woodson will pay only $185,746 more -- approximately $1,032 per person in the labor force in comparison, the least among Morgan County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Jacksonville
$29,900,297
$11,716,380
$1,320
Waverly
$2,698,984
$1,057,592
$1,737
Franklin
$1,925,922
$754,669
$2,524
Murrayville
$1,788,024
$700,634
$3,289
Meredosia
$1,286,436
$504,088
$1,396
Chapin
$1,072,667
$420,323
$1,781
Alexander
$841,989
$329,932
--
Concord
$530,333
$207,810
$4,421
Woodson
$474,025
$185,746
$1,032

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.

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Organizations in this Story

State of IllinoisCity of WaverlyVillage of FranklinVillage of ChapinVillage of WoodsonVillage of MurrayvilleVillage of MeredosiaConcord VillageCity of Jacksonville

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