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South Central Reporter

Friday, April 19, 2024

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

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Vandalia residents will have to pay $3,753,283 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 South Central Reporter analysis of Illinois Department of Revenue data.

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

The city in Fayette County that will be the most affected by Pritzker's proposal is Vandalia, with residents expected to pay an additional $3,753,283 in income taxes -- approximately $1,545 per person in the labor force. Bingham will pay only $111,202 more -- approximately $4,448 per person in the labor force in comparison, the least among Fayette County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Vandalia$9,578,409$3,753,283$1,545
Ramsey$2,561,214$1,003,607$1,795
Saint Elmo$2,372,176$929,533--
Brownstown$2,195,605$860,344$2,178
Farina$1,835,341$719,175$2,683
Mulberry Grove$1,670,756$654,683$2,197
Shobonier$1,041,262$408,017--
Saint Peter$846,175$331,572--
Bingham$283,788$111,202$4,448

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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