NW Illinois News

NW Illinois News

Wednesday, February 26, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

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Whiteside County residents will have to pay $59,392,365 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 NW Illinois News analysis of Illinois Department of Revenue data.

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

The city in Whiteside County that will be the most affected by Pritzker's proposal is Sterling, with residents expected to pay an additional $22,296,848 in income taxes -- approximately $3,045 per person in the labor force. Galt will pay only $124,392 more in comparison, the least among Whiteside County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Sterling
$56,901,738
$22,296,848
$3,045
Rock Falls
$30,606,060
$11,992,932
$2,649
Morrison
$20,646,335
$8,090,231
$4,438
Fulton
$15,218,117
$5,963,193
$3,805
Prophetstown
$8,487,763
$3,325,915
$3,425
Erie
$7,867,221
$3,082,757
$4,235
Tampico
$3,909,511
$1,531,935
$4,714
Albany
$3,179,559
$1,245,905
$2,904
Lyndon
$2,018,608
$790,988
$2,897
Fenton
$1,286,758
$504,214
--
Deer Grove
$1,130,682
$443,056
$34,081
Galt
$317,450
$124,392
--

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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Organizations in this Story

State of IllinoisCity of MorrisonCity of AlbanyCity of SterlingCity of ProphetstownCity of FultonCity of Rock FallsVillage of LyndonVillage of ErieVillage of Deer GroveTampico Village

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