South Central Reporter

South Central Reporter

Thursday, February 27, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

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Marion County residents will have to pay $18,121,438 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 South Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Marion County that will be the most affected by Pritzker's proposal is Centralia, with residents expected to pay an additional $7,837,381 in income taxes -- approximately $1,374 per person in the labor force. Vernon will pay only $125,337 more -- approximately $3,482 per person in the labor force in comparison, the least among Marion County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Centralia
$20,001,061
$7,837,381
$1,374
Salem
$12,931,010
$5,066,994
$1,574
Iuka
$2,685,401
$1,052,270
$3,897
Odin
$2,155,691
$844,704
$1,933
Sandoval
$1,869,609
$732,603
$1,259
Kinmundy
$1,588,094
$622,292
$1,296
Patoka
$1,524,687
$597,446
$2,361
Walnut Hill
$1,181,444
$462,947
$5,646
Kell
$1,020,314
$399,808
$4,165
Alma
$968,887
$379,657
$2,388
Vernon
$319,861
$125,337
$3,482

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 IllinoisCity of SalemCity of KinmundyVillage of IukaVillage of KellVillage of SandovalVillage of AlmaVillage of Walnut HillVillage of OdinVillage of VernonVillage of Patoka

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