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West Central Reporter

Tuesday, April 23, 2024

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

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Pittsfield residents will have to pay $2,951,351 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 West Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Pike County that will be the most affected by Pritzker's proposal is Pittsfield, with residents expected to pay an additional $2,951,351 in income taxes -- approximately $1,410 per person in the labor force. Milton will pay only $75,716 more -- approximately $728 per person in the labor force in comparison, the least among Pike County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Pittsfield$7,531,872$2,951,351$1,410
Barry$2,253,543$883,047$1,254
Griggsville$1,986,341$778,344$1,280
Pleasant Hill$1,438,470$563,662$1,010
Hull$748,088$293,137$1,168
New Canton$685,743$268,707$1,816
Nebo$679,266$266,169$2,535
Baylis$661,189$259,086$2,699
Rockport$465,285$182,321--
Pearl$408,138$159,928$2,539
Kinderhook$377,284$147,838$1,087
Perry$295,170$115,662$918
Chambersburg$265,005$103,842--
New Salem$234,050$91,712$1,456
Milton$193,228$75,716$728

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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