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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in Putnam County that will be the most affected by Pritzker's proposal is Granville, with residents expected to pay an additional $1,523,414 in income taxes -- approximately $2,140 per person in the labor force. Standard will pay only $138,510 more -- approximately $1,226 per person in the labor force in comparison, the least among Putnam County cities.
The following table shows how other cities in Putnam County are affected.
How much more will residents from Putnam County pay on the proposal?
| City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
|---|---|---|---|
| Granville | $3,887,765 | $1,523,414 | $2,140 |
| Hennepin | $2,081,518 | $815,639 | $1,871 |
| Putnam | $893,716 | $350,201 | -- |
| McNabb | $826,162 | $323,730 | -- |
| Magnolia | $769,173 | $301,399 | $2,283 |
| Mark | $586,382 | $229,773 | $636 |
| Standard | $353,479 | $138,510 | $1,226 |
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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