Galesburg Reporter

Galesburg Reporter

Sunday, February 23, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

Money 02

Warren County residents will have to pay $8,639,895 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 Galesburg Reporter analysis of Illinois Department of Revenue data.

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

The city in Warren County that will be the most affected by Pritzker's proposal is Monmouth, with residents expected to pay an additional $4,784,795 in income taxes -- approximately $1,033 per person in the labor force. Gerlaw will pay only $102,215 more in comparison, the least among Warren County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Monmouth
$12,210,836
$4,784,795
$1,033
Avon
$2,110,123
$826,848
$2,037
Alexis
$2,034,821
$797,341
$1,661
Roseville
$1,890,615
$740,834
$1,661
Kirkwood
$1,083,496
$424,566
$1,144
Cameron
$903,725
$354,123
--
Little York
$778,822
$305,180
$1,734
Smithshire
$390,725
$153,105
--
Berwick
$385,065
$150,887
--
Gerlaw
$260,854
$102,215
--

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 MonmouthVillage of Little YorkVillage of RosevilleVillage of Kirkwood

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