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Monday, February 24, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money272

Wayne County residents will have to pay $6,866,006 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 SE Illinois News analysis of Illinois Department of Revenue data.

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

The city in Wayne County that will be the most affected by Pritzker's proposal is Fairfield, with residents expected to pay an additional $3,772,839 in income taxes -- approximately $1,653 per person in the labor force. Golden Gate will pay only $26,727 more -- approximately $764 per person in the labor force in comparison, the least among Wayne County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Fairfield
$9,628,316
$3,772,839
$1,653
Wayne City
$2,305,731
$903,497
$2,305
Cisne
$1,800,383
$705,477
$2,693
Geff
$877,082
$343,683
--
Mount Erie
$525,892
$206,070
$4,906
Barnhill
$462,871
$181,375
--
Ellery
$455,595
$178,524
--
Rinard
$366,746
$143,709
--
Keenes
$364,689
$142,903
$4,610
Sims
$339,450
$133,013
$1,462
Johnsonville
$327,140
$128,189
$5,341
Golden Gate
$68,208
$26,727
$764

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

State of IllinoisVillage of SimsVillage of KeenesVillage of CisneVillage of Wayne CityVillage of JohnsonvilleMt. Erie TownshipVillage of Golden GateCity of Fairfield

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