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Friday, April 3, 2020

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


By Metric Media News Service | Feb 14, 2020

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Elizabethtown residents will have to pay $509,258 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 Hardin County that will be the most affected by Pritzker's proposal is Elizabethtown, with residents expected to pay an additional $509,258 in income taxes -- approximately $5,250 per person in the labor force. Rosiclare will pay only $295,940 more -- approximately $889 per person in the labor force in comparison, the least among Hardin County cities.

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

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

Total Expected Income Tax burden
Total Increase
Per Person Increase
Cave In Rock

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

Village of Elizabethtown

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