East Central Reporter

East Central Reporter

Monday, April 6, 2020

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

Politics

By East Central Reporter Reports | Feb 20, 2020

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Stoy residents will have to pay $31,838 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 an East Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Crawford County that will be the most affected by Pritzker's proposal is Robinson, with residents expected to pay an additional $5,323,877 in income taxes -- approximately $1,732 per person in the labor force. Stoy will pay only $31,838 more -- approximately $461 per person in the labor force in comparison, the least among Crawford County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Robinson
$13,586,578
$5,323,877
$1,732
Oblong
$3,878,312
$1,519,710
$2,439
Palestine
$2,428,295
$951,523
$1,851
Flat Rock
$1,935,494
$758,420
$6,958
Hutsonville
$1,178,530
$461,805
$2,309
Annapolis
$554,633
$217,332
$21,733
Stoy
$81,251
$31,838
$461

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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