Quantcast

Rock Island Today

Friday, April 19, 2024

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

Adobestock 293176705

Adobe Stock

Adobe Stock

Illinois City residents will have to pay $813,571 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.

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