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Rock Island Today

Tuesday, February 18, 2020

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

Politics

By Rock Island Today Reports | Feb 12, 2020

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Kewanee residents will have to pay $5,210,965 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 Henry County that will be the most affected by Pritzker's proposal is Geneseo, with residents expected to pay an additional $9,005,035 in income taxes -- approximately $2,971 per person in the labor force. Ophiem will pay only $46,675 more in comparison, the least among Henry County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Geneseo
$22,980,923
$9,005,035
$2,971
Kewanee
$13,298,425
$5,210,965
$882
Colona
$9,384,495
$3,677,298
$1,383
Orion
$5,288,657
$2,072,351
$2,112
Cambridge
$3,953,809
$1,549,293
$1,471
Galva
$3,916,347
$1,534,614
$1,290
Atkinson
$2,247,311
$880,605
$1,548
Annawan
$2,016,171
$790,033
$1,725
Woodhull
$1,646,484
$645,172
$1,447
Alpha
$1,550,322
$607,491
$2,201
Lynn Center
$1,195,756
$468,555
--
Andover
$737,436
$288,963
$963
Osco
$536,915
$210,389
--
Bishop Hill
$147,325
$57,729
$1,031
Hooppole
$129,172
$50,616
$633
Ophiem
$119,115
$46,675
--

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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