Quantcast

McLean County Times

Tuesday, April 23, 2024

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

Adobestock 309942906

Adobe Stock

Adobe Stock

Pontiac residents will have to pay $6,301,824 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 McLean County Times analysis of Illinois Department of Revenue data.

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

The city in Livingston County that will be the most affected by Pritzker's proposal is Pontiac, with residents expected to pay an additional $6,301,824 in income taxes -- approximately $1,364 per person in the labor force. Campus will pay only $109,407 more -- approximately $1,421 per person in the labor force in comparison, the least among Livingston County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Pontiac$16,082,306$6,301,824$1,364
Fairbury$8,835,149$3,462,038$1,765
Dwight$6,777,399$2,655,712$1,382
Flanagan$2,333,566$914,404$1,958
Forrest$2,299,018$900,866$1,517
Odell$1,971,873$772,675$1,495
Cornell$1,820,993$713,553$4,222
Chatsworth$1,657,009$649,296$1,399
Cullom$904,559$354,450$1,303
Saunemin$709,020$277,828$1,455
Strawn$575,281$225,423$3,468
Long Point$481,456$188,658$1,832
Blackstone$436,865$171,185--
Graymont$356,178$139,568--
Ancona$346,751$135,874--
Emington$339,838$133,165$2,336
Campus$279,207$109,407$1,421

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.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS