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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in Menard County that will be the most affected by Pritzker's proposal is Petersburg, with residents expected to pay an additional $3,753,424 in income taxes -- approximately $3,102 per person in the labor force. Oakford will pay only $268,188 more -- approximately $1,474 per person in the labor force in comparison, the least among Menard County cities.
The following table shows how other cities in Menard County are affected.
How much more will residents from Menard County pay on the proposal?
City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
---|---|---|---|
Petersburg | $9,578,769 | $3,753,424 | $3,102 |
Athens | $5,874,784 | $2,302,024 | $2,162 |
Greenview | $1,832,082 | $717,898 | $1,480 |
Tallula | $913,856 | $358,093 | $1,492 |
Oakford | $684,418 | $268,188 | $1,474 |
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.