Will County Gazette

Will County Gazette

Monday, February 24, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

Money 05

Will County residents will have to pay $544,031,025 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 Will County Gazette analysis of Illinois Department of Revenue data.

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

The city in Will County that will be the most affected by Pritzker's proposal is Plainfield, with residents expected to pay an additional $81,011,953 in income taxes -- approximately $3,493 per person in the labor force. University Park will pay only $1,969,784 more in comparison, the least among Will County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Plainfield
$206,743,166
$81,011,953
$3,493
Naperville
$177,611,807
$69,596,880
$884
Joliet
$159,343,672
$62,438,543
$806
Bolingbrook
$125,973,680
$49,362,569
$1,195
Frankfort
$100,958,041
$39,560,234
$4,227
New Lenox
$91,662,547
$35,917,811
$2,520
Mokena
$73,278,743
$28,714,149
$2,573
Lockport
$65,965,611
$25,848,511
$1,833
Homer Glen
$63,902,675
$25,040,153
$1,912
Romeoville
$57,893,068
$22,685,299
$1,082
Shorewood
$43,152,618
$16,909,279
$1,853
Aurora
$35,787,826
$14,023,398
$132
Channahon
$28,092,557
$11,008,020
$1,648
Crete
$26,585,742
$10,417,577
$2,429
Manhattan
$26,398,685
$10,344,279
$2,465
Crest Hill
$21,788,924
$8,537,952
$985
Monee
$19,206,465
$7,526,020
$2,729
Wilmington
$18,856,446
$7,388,866
$2,694
Beecher
$13,865,990
$5,433,364
$2,639
Peotone
$10,312,857
$4,041,075
$1,563
Braidwood
$8,857,058
$3,470,623
$1,009
Elwood
$7,106,542
$2,784,686
$2,321
University Park
$5,026,905
$1,969,784
--

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 Homer GlenVillage of MokenaCity of LockportVillage of ElwoodVillage of New LenoxCity of BraidwoodCity of Crest HillVillage of PeotoneVillage of ManhattanVillage of MoneeVillage of ShorewoodVillage of BeecherRomeoville Village

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