Southern Illinois News

Southern Illinois News

Saturday, February 22, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money 04

Pope County residents will have to pay $1,078,111 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 Pope County that will be the most affected by Pritzker's proposal is Golconda, with residents expected to pay an additional $814,108 in income taxes -- approximately $2,798 per person in the labor force. Eddyville will pay only $83,376 more -- approximately $4,388 per person in the labor force in comparison, the least among Pope County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Golconda
$2,077,610
$814,108
$2,798
Herod
$460,962
$180,627
--
Eddyville
$212,776
$83,376
$4,388

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 IllinoisVillage of EddyvilleCity of Golconda

More News