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Saturday, April 20, 2024

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

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Winnebago County residents will have to pay $156,898,558 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 Rockford Sun analysis of Illinois Department of Revenue data.

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

The city in Winnebago County that will be the most affected by Pritzker's proposal is Rockford, with residents expected to pay an additional $86,992,155 in income taxes -- approximately $1,208 per person in the labor force. Seward will pay only $53,252 more in comparison, the least among Winnebago County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Rockford$222,004,691$86,992,155$1,208
Roscoe$45,128,990$17,683,717$3,034
Loves Park$35,570,314$13,938,166$1,076
Machesney Park$28,963,399$11,349,258$920
Rockton$20,785,454$8,144,744$2,111
South Beloit$15,655,646$6,134,638$1,557
Winnebago$11,538,308$4,521,266$2,491
Cherry Valley$9,934,978$3,893,004$2,387
Pecatonica$6,530,721$2,559,052$2,106
Durand$3,994,192$1,565,117$1,935
Shirland$163,809$64,188--
Seward$135,900$53,252--

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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