Quantcast

South West Illinois News

Saturday, November 23, 2024

Analysis: How much more will Red Bud residents pay in income taxes?

Adobestock 293176705

Adobe Stock

Adobe Stock

Red Bud residents will have to pay $4,307,572 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 SW Illinois News analysis of Illinois Department of Revenue data.

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

The city in Randolph County that will be the most affected by Pritzker's proposal is Red Bud, with residents expected to pay an additional $4,307,572 in income taxes -- approximately $2,643 per person in the labor force. Modoc will pay only $72,324 more in comparison, the least among Randolph County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Red Bud$10,992,959$4,307,572$2,643
Chester$7,104,198$2,783,768$1,409
Sparta$6,711,118$2,629,740$1,133
Steeleville$3,741,736$1,466,193$1,308
Evansville$2,071,223$811,605$2,601
Prairie Du Rocher$1,575,312$617,283--
Percy$1,393,506$546,043$1,784
Ellis Grove$1,194,159$467,929$3,058
Baldwin$817,600$320,375$2,240
Tilden$582,373$228,202$722
Rockwood$491,405$192,556$12,035
Walsh$385,447$151,037--
Modoc$184,572$72,324--

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.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS