West Central Reporter

West Central Reporter

Monday, February 17, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money836

McDonough County residents will have to pay $11,790,814 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 McDonough County that will be the most affected by Pritzker's proposal is Macomb, with residents expected to pay an additional $7,042,018 in income taxes -- approximately $812 per person in the labor force. Bardolph will pay only $56,631 more -- approximately $534 per person in the labor force in comparison, the least among McDonough County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Macomb
$17,971,288
$7,042,018
$812
Bushnell
$3,363,151
$1,317,845
$1,044
Colchester
$2,808,574
$1,100,535
$1,339
Blandinsville
$1,347,690
$528,090
$1,344
Plymouth
$1,013,224
$397,030
$2,068
Good Hope
$976,187
$382,517
$1,962
Industry
$811,219
$317,875
$1,551
Prairie City
$510,943
$200,212
$1,300
Adair
$460,770
$180,552
$2,149
Tennessee
$352,897
$138,282
$1,729
Sciota
$329,789
$129,227
$2,809
Bardolph
$144,522
$56,631
$534

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 IllinoisVillage of SciotaCity of BushnellCity of MacombCity of ColchesterVillage of TennesseeVillage of Good HopeVillage of IndustryVillage of Prairie CityVillage of BlandinsvilleVillage of BardolphAdair

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