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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in Bond County that will be the most affected by Pritzker's proposal is Greenville, with residents expected to pay an additional $3,971,817 in income taxes -- approximately $1,461 per person in the labor force. Pierron will pay only $117,477 more -- approximately $496 per person in the labor force in comparison, the least among Bond County cities.
The following table shows how other cities in Bond County are affected.
How much more will residents from Bond County pay on the proposal?
City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
---|---|---|---|
Greenville | $10,136,110 | $3,971,817 | $1,461 |
Pocahontas | $5,107,406 | $2,001,328 | $5,295 |
Sorento | $1,369,984 | $536,826 | $2,918 |
Smithboro | $658,357 | $257,976 | $2,632 |
Keyesport | $621,016 | $243,344 | $1,502 |
Donnellson | $493,060 | $193,205 | $3,715 |
Pierron | $299,802 | $117,477 | $496 |
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.