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Monday, February 17, 2020

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

Politics

By Metric Media News Service | Feb 12, 2020

Money272

Clifton residents will have to pay $1,352,524 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 Kankakee Times analysis of Illinois Department of Revenue data.

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

The city in Iroquois County that will be the most affected by Pritzker's proposal is Watseka, with residents expected to pay an additional $3,067,349 in income taxes -- approximately $1,211 per person in the labor force. Stockland will pay only $20,740 more in comparison, the least among Iroquois County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Watseka
$7,827,899
$3,067,349
$1,211
Clifton
$3,451,652
$1,352,524
$1,791
Milford
$2,625,794
$1,028,913
$1,435
Gilman
$2,461,361
$964,480
$1,063
Loda
$2,382,182
$933,454
$5,798
Onarga
$2,225,468
$872,046
$1,473
Cissna Park
$2,072,253
$812,009
$2,160
Ashkum
$2,055,767
$805,549
$1,740
Sheldon
$1,473,851
$577,526
$867
Buckley
$1,309,374
$513,076
$1,733
Martinton
$1,098,854
$430,584
$2,725
Danforth
$963,034
$377,363
$1,382
Crescent City
$883,807
$346,318
$907
Donovan
$812,111
$318,224
$2,841
Wellington
$490,213
$192,089
$1,478
Beaverville
$474,837
$186,064
$1,442
Thawville
$458,616
$179,708
$1,728
Woodland
$239,075
$93,681
$548
Iroquois
$158,388
$62,064
$970
Papineau
$85,798
$33,620
$271
Claytonville
$70,112
$27,473
--
Stockland
$52,929
$20,740
--

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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Village of Clifton

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