Southern Illinois News

Southern Illinois News

Saturday, February 22, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money 07

Pulaski County residents will have to pay $2,009,428 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 Southern Illinois News analysis of Illinois Department of Revenue data.

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

The city in Pulaski County that will be the most affected by Pritzker's proposal is Mounds, with residents expected to pay an additional $361,794 in income taxes -- approximately $909 per person in the labor force. Joppa will pay only $68,319 more -- approximately $589 per person in the labor force in comparison, the least among Pulaski County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Mounds
$923,301
$361,794
$909
Grand Chain
$832,491
$326,210
--
Karnak
$777,043
$304,483
$1,964
Ullin
$670,538
$262,749
$1,717
Olmsted
$561,825
$220,150
$1,458
Villa Ridge
$552,878
$216,644
--
Pulaski
$333,677
$130,751
$2,179
Mound City
$301,972
$118,327
$550
Joppa
$174,350
$68,319
$589

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.

Want to get notified whenever we write about any of these organizations ?

Sign-up Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

State of IllinoisCity of Mound CityCity of MoundsVillage of UllinVillage of OlmstedVillage of PulaskiVillage of Karnak

More News