SE Illinois News

SE Illinois News

Friday, February 28, 2020

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


By Metric Media News Service | Feb 13, 2020

Money 01

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?

Total Expected Income Tax burden
Total Increase
Per Person Increase
New Haven

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 ShawneetownVillage of EqualityVillage of JunctionVillage of RidgwayVillage of Omaha

More News