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NW Illinois News

Wednesday, February 26, 2020

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

Politics

By Metric Media News Service | Feb 14, 2020

Money759

Stephenson County residents will have to pay $22,897,360 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 Stephenson County that will be the most affected by Pritzker's proposal is Freeport, with residents expected to pay an additional $12,843,512 in income taxes -- approximately $1,105 per person in the labor force. Eleroy will pay only $27,888 more in comparison, the least among Stephenson County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Freeport
$32,776,748
$12,843,512
$1,105
Lena
$6,607,649
$2,589,196
$1,613
Davis
$5,692,935
$2,230,767
$7,536
Pearl City
$2,591,008
$1,015,282
$2,142
Rock City
$2,265,818
$887,857
$5,414
Orangeville
$1,780,107
$697,532
$1,341
Dakota
$1,632,349
$639,633
$2,252
Winslow
$1,210,619
$474,379
$2,564
German Valley
$1,106,946
$433,755
$1,577
Ridott
$964,740
$378,032
$4,248
Cedarville
$847,642
$332,147
$1,054
Mc Connell
$581,995
$228,054
--
Kent
$304,524
$119,327
--
Eleroy
$71,171
$27,888
--

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 IllinoisVillage of Rock CityVillage of LenaVillage of OrangevilleVillage of Pearl CityVillage of CedarvilleCity of FreeportVillage of German ValleyVillage of WinslowVillage of RidottVillage of DakotaVillage of Davis

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