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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in Hancock County that will be the most affected by Pritzker's proposal is Carthage, with residents expected to pay an additional $2,202,912 in income taxes -- approximately $1,772 per person in the labor force. Ferris will pay only $25,473 more -- approximately $520 per person in the labor force in comparison, the least among Hancock County cities.
The following table shows how other cities in Hancock County are affected.
How much more will residents from Hancock County pay on the proposal?
City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
---|---|---|---|
Carthage | $5,621,850 | $2,202,912 | $1,772 |
Hamilton | $4,513,300 | $1,768,529 | $1,196 |
Warsaw | $2,296,616 | $899,925 | $1,167 |
La Harpe | $1,901,710 | $745,182 | $1,163 |
Dallas City | $1,866,316 | $731,313 | $1,466 |
Nauvoo | $1,789,907 | $701,372 | $1,434 |
Augusta | $997,277 | $390,781 | $1,602 |
Niota | $837,873 | $328,319 | -- |
Bowen | $737,938 | $289,160 | $1,572 |
Basco | $540,941 | $211,967 | $4,608 |
Sutter | $447,410 | $175,317 | -- |
West Point | $424,434 | $166,314 | $2,559 |
Elvaston | $140,106 | $54,900 | $858 |
Ferris | $65,008 | $25,473 | $520 |
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.