Quantcast

SE Illinois News

Thursday, April 18, 2024

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

Adobestock 324498179

Adobe Stock

Adobe Stock

Gallatin County residents will have to pay $2,292,708 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 Gallatin County that will be the most affected by Pritzker's proposal is Shawneetown, with residents expected to pay an additional $623,185 in income taxes -- approximately $1,053 per person in the labor force. Junction will pay only $165,872 more -- approximately $3,385 per person in the labor force in comparison, the least among Gallatin County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Shawneetown$1,590,373$623,185$1,053
Ridgway$1,540,852$603,780$1,517
Equality$1,108,797$434,480$1,966
Omaha$719,510$281,939$1,892
New Haven$468,173$183,453$1,042
Junction$423,306$165,872$3,385

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.

!RECEIVE ALERTS

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

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS