Kendall County Times

Kendall County Times

Wednesday, February 19, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

Money836

Kendall County residents will have to pay $82,774,086 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 Kendall County Times analysis of Illinois Department of Revenue data.

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

The city in Kendall County that will be the most affected by Pritzker's proposal is Oswego, with residents expected to pay an additional $33,266,105 in income taxes -- approximately $1,764 per person in the labor force. Millbrook will pay only $194,499 more -- approximately $884 per person in the labor force in comparison, the least among Kendall County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Oswego
$84,895,372
$33,266,105
$1,764
Yorkville
$55,630,243
$21,798,615
$2,217
Montgomery
$41,940,794
$16,434,428
$1,640
Plano
$19,817,310
$7,765,379
$1,180
Newark
$5,927,218
$2,322,570
$3,681
Bristol
$2,532,845
$992,491
--
Millbrook
$496,363
$194,499
$884

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 YorkvilleVillage of OswegoVillage of NewarkVillage of Millbrook

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