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Tuesday, April 7, 2020

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

Politics

By Metric Media News Service | Feb 16, 2020

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Granite City residents will have to pay $16,236,409 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 Metro East Sun analysis of Illinois Department of Revenue data.

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

The city in Madison County that will be the most affected by Pritzker's proposal is Edwardsville, with residents expected to pay an additional $30,315,385 in income taxes -- approximately $2,262 per person in the labor force. Venice will pay only $175,285 more -- approximately $204 per person in the labor force in comparison, the least among Madison County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Edwardsville
$77,365,110
$30,315,385
$2,262
Collinsville
$45,322,236
$17,759,440
$1,327
Granite City
$41,435,448
$16,236,409
$1,131
Alton
$35,653,239
$13,970,660
$1,098
Glen Carbon
$32,029,295
$12,550,624
$1,928
Highland
$30,492,641
$11,948,489
$2,319
Troy
$28,537,464
$11,182,356
$2,032
Godfrey
$25,948,061
$10,167,703
$1,154
Maryville
$17,425,604
$6,828,193
$1,631
Bethalto
$16,087,133
$6,303,715
$1,332
Wood River
$11,789,847
$4,619,831
$872
East Alton
$10,340,891
$4,052,060
$1,352
Saint Jacob
$6,884,736
$2,697,772
--
Worden
$5,022,016
$1,967,868
$3,546
Moro
$4,557,443
$1,785,826
--
Alhambra
$3,108,012
$1,217,869
$4,561
Marine
$2,952,895
$1,157,087
$2,159
Cottage Hills
$2,453,847
$961,536
--
Madison
$2,194,199
$859,793
$499
Dorsey
$1,736,017
$680,255
--
New Douglas
$1,637,138
$641,510
$4,424
Hamel
$1,579,203
$618,808
$1,263
Roxana
$1,506,520
$590,327
$763
South Roxana
$1,415,921
$554,826
$564
Hartford
$1,260,521
$493,933
$677
Livingston
$732,391
$286,986
$728
Venice
$447,328
$175,285
$204

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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