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East Central Reporter

Thursday, April 18, 2024

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

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Effingham residents will have to pay $13,970,171 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 Effingham County that will be the most affected by Pritzker's proposal is Effingham, with residents expected to pay an additional $13,970,171 in income taxes -- approximately $2,255 per person in the labor force. Shumway will pay only $527,459 more -- approximately $7,225 per person in the labor force in comparison, the least among Effingham County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Effingham$35,651,991$13,970,171$2,255
Teutopolis$8,941,376$3,503,663$3,735
Altamont$5,878,842$2,303,614$2,030
Dieterich$3,786,014$1,483,543$4,389
Watson$2,151,859$843,202$1,845
Beecher City$2,005,488$785,847$4,225
Mason$1,938,618$759,644$4,632
Shumway$1,346,080$527,459$7,225

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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