West Central Reporter

West Central Reporter

Tuesday, February 25, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

Money 01

Cass County residents will have to pay $6,294,423 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 Cass County that will be the most affected by Pritzker's proposal is Beardstown, with residents expected to pay an additional $2,907,811 in income taxes -- approximately $943 per person in the labor force. Bluff Springs will pay only $34,495 more in comparison, the least among Cass County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Beardstown
$7,420,758
$2,907,811
$943
Virginia
$3,226,821
$1,264,424
$1,865
Ashland
$2,559,733
$1,003,027
$1,458
Arenzville
$1,501,643
$588,416
$2,452
Chandlerville
$1,266,432
$496,249
$2,167
Bluff Springs
$88,031
$34,495
--

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 BeardstownVillage of AshlandVillage of ChandlervilleCity of VirginiaVillage of Arenzville

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