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NW Illinois News

Thursday, February 27, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

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Ogle County residents will have to pay $30,209,963 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 Ogle County that will be the most affected by Pritzker's proposal is Rochelle, with residents expected to pay an additional $7,222,609 in income taxes -- approximately $1,535 per person in the labor force. Woosung will pay only $29,694 more in comparison, the least among Ogle County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Rochelle
$18,432,157
$7,222,609
$1,535
Byron
$15,477,864
$6,064,974
$3,532
Oregon
$11,202,941
$4,389,853
$2,578
Stillman Valley
$6,286,239
$2,463,252
$3,638
Polo
$4,974,630
$1,949,300
$1,904
Davis Junction
$4,720,773
$1,849,827
$1,482
Mount Morris
$4,008,330
$1,570,657
$992
Forreston
$2,988,434
$1,171,013
$1,401
Leaf River
$2,535,265
$993,439
$3,911
Monroe Center
$2,020,831
$791,859
$3,167
Chana
$1,691,744
$662,907
--
Lindenwood
$842,589
$330,167
--
Baileyville
$673,847
$264,046
--
Creston
$646,796
$253,446
$681
Esmond
$360,333
$141,196
--
Holcomb
$157,520
$61,724
--
Woosung
$75,779
$29,694
--

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 ForrestonVillage of Monroe CenterVillage of Davis JunctionVillage of CrestonCity of OregonVillage of Stillman ValleyVillage of Leaf RiverVillage of Mount MorrisBYRONCity of Polo

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