Sangamon Sun

Sangamon Sun

Tuesday, February 18, 2020

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


By Metric Media News Service | Feb 14, 2020

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New Holland residents will have to pay $319,721 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 Sangamon Sun analysis of Illinois Department of Revenue data.

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

The city in Logan County that will be the most affected by Pritzker's proposal is Lincoln, with residents expected to pay an additional $7,510,713 in income taxes -- approximately $1,106 per person in the labor force. Lake Fork will pay only $32,680 more in comparison, the least among Logan County cities.

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

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

Total Expected Income Tax burden
Total Increase
Per Person Increase
Mount Pulaski
New Holland
Lake Fork

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

Village of New Holland

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