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Friday, November 22, 2024

Analysis: How much more will Rock Island residents pay in income taxes?

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Rock Island residents will have to pay $15,257,966 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 Rock Island Today analysis of Illinois Department of Revenue data.

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

The city in Rock Island County that will be the most affected by Pritzker's proposal is Moline, with residents expected to pay an additional $23,328,700 in income taxes -- approximately $1,049 per person in the labor force. Barstow will pay only $42,488 more in comparison, the least among Rock Island County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Moline$59,535,033$23,328,700$1,049
Rock Island$38,938,454$15,257,966$771
East Moline$23,652,068$9,268,022$971
Milan$14,913,716$5,843,914$2,237
Coal Valley$11,077,643$4,340,755$1,968
Silvis$8,673,936$3,398,867$922
Port Byron$8,218,862$3,220,547$3,660
Taylor Ridge$5,700,045$2,233,553--
Hampton$2,736,978$1,072,480$1,041
Andalusia$2,478,937$971,367$1,374
Cordova$2,209,718$865,874$2,467
Illinois City$2,076,240$813,571--
Rapids City$1,589,610$622,886$1,256
Hillsdale$1,568,808$614,735$2,373
Carbon Cliff$881,211$345,301$373
Barstow$108,430$42,488--

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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