Rockford Sun

Rockford Sun

Wednesday, April 8, 2020

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

Politics

By Metric Media News Service | Feb 22, 2020

Adobestock 41036554

Winnebago residents will have to pay $4,521,266 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?

City
Total Expected Income Tax burden
Total Increase
Per 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.

Want to get notified whenever we write about Village of Winnebago ?

Sign-up Next time we write about Village of Winnebago, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Village of Winnebago

More News