West Central Reporter

West Central Reporter

Wednesday, February 19, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

Money272

Golden Eagle residents will have to pay $395,718 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 Calhoun County that will be the most affected by Pritzker's proposal is Hardin, with residents expected to pay an additional $855,249 in income taxes -- approximately $2,269 per person in the labor force. Mozier will pay only $24,106 more in comparison, the least among Calhoun County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Hardin
$2,182,602
$855,249
$2,269
Golden Eagle
$1,009,875
$395,718
--
Batchtown
$730,443
$286,223
$2,675
Brussels
$649,765
$254,609
$3,800
Kampsville
$607,592
$238,084
$1,566
Hamburg
$556,172
$217,935
$9,906
Michael
$87,593
$34,323
--
Mozier
$61,518
$24,106
--

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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