East Central Reporter

East Central Reporter

Friday, February 28, 2020

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

Politics

By East Central Reporter Reports | Feb 14, 2020

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Edgar County residents will have to pay $7,758,397 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 an East Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Edgar County that will be the most affected by Pritzker's proposal is Paris, with residents expected to pay an additional $5,501,133 in income taxes -- approximately $1,351 per person in the labor force. Vermilion will pay only $59,242 more -- approximately $411 per person in the labor force in comparison, the least among Edgar County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Paris
$14,038,937
$5,501,133
$1,351
Chrisman
$2,747,382
$1,076,557
$2,020
Kansas
$1,148,361
$449,983
$1,424
Brocton
$775,683
$303,950
$1,447
Hume
$561,932
$220,192
$1,147
Metcalf
$203,929
$79,909
$940
Redmon
$172,082
$67,430
$784
Vermilion
$151,186
$59,242
$411

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 BroctonVillage of KansasCity of ChrismanVillage of RedmonVillage of HumeCity of ParisVillage of MetcalfVillage of Vermilion

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