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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in Monroe County that will be the most affected by Pritzker's proposal is Waterloo, with residents expected to pay an additional $13,991,389 in income taxes -- approximately $2,654 per person in the labor force. Renault will pay only $29,962 more in comparison, the least among Monroe County cities.
The following table shows how other cities in Monroe County are affected.
How much more will residents from Monroe County pay on the proposal?
City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
---|---|---|---|
Waterloo | $35,706,139 | $13,991,389 | $2,654 |
Columbia | $34,231,459 | $13,413,538 | $2,328 |
Valmeyer | $2,399,903 | $940,398 | $1,294 |
Fults | $2,045,914 | $801,688 | $61,668 |
Hecker | $635,991 | $249,212 | $997 |
Maeystown | $170,032 | $66,627 | $803 |
Renault | $76,464 | $29,962 | -- |
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.