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Saturday, February 22, 2020

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


By Metric Media News Service | Feb 14, 2020

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Mason County residents will have to pay $7,248,493 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 Peoria Standard analysis of Illinois Department of Revenue data.

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

The city in Mason County that will be the most affected by Pritzker's proposal is Manito, with residents expected to pay an additional $2,122,690 in income taxes -- approximately $2,518 per person in the labor force. Forest City will pay only $179,458 more -- approximately $1,291 per person in the labor force in comparison, the least among Mason County cities.

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

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

Total Expected Income Tax burden
Total Increase
Per Person Increase
Mason City
San Jose
Forest City

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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Organizations in this Story

State of IllinoisCity of Mason CityVillage of BathCity of HavanaVillage of KilbourneTown of TopekaVillage of EastonVillage of ManitoVillage of Forest City

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