Quincy Reporter

Quincy Reporter

Wednesday, February 26, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

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Camp Point residents will have to pay $1,201,368 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 Quincy Reporter analysis of Illinois Department of Revenue data.

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

The city in Adams County that will be the most affected by Pritzker's proposal is Quincy, with residents expected to pay an additional $30,440,527 in income taxes -- approximately $1,494 per person in the labor force. Paloma will pay only $73,931 more in comparison, the least among Adams County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Quincy
$77,684,474
$30,440,527
$1,494
Liberty
$3,445,349
$1,350,054
$5,488
Camp Point
$3,065,901
$1,201,368
$2,126
Mendon
$2,581,070
$1,011,388
$2,043
Fowler
$2,477,508
$970,807
--
Payson
$2,465,855
$966,241
$1,440
Ursa
$1,789,853
$701,351
$2,178
Clayton
$1,447,959
$567,380
$1,689
Golden
$1,201,233
$470,701
$1,345
Loraine
$796,221
$311,998
$2,229
Plainville
$671,551
$263,146
$1,595
Coatsburg
$465,262
$182,312
$1,628
La Prairie
$325,121
$127,398
$2,275
Paloma
$188,673
$73,931
--

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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