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Illinois Valley Times

Thursday, April 18, 2024

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

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LaSalle County residents will have to pay $60,371,536 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 an Illinois Valley Times analysis of Illinois Department of Revenue data.

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

The city in LaSalle County that will be the most affected by Pritzker's proposal is Ottawa, with residents expected to pay an additional $14,452,553 in income taxes -- approximately $1,539 per person in the labor force. Triumph will pay only $38,321 more in comparison, the least among LaSalle County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Ottawa$36,883,034$14,452,553$1,539
Streator$21,849,209$8,561,575$1,330
Peru$17,203,526$6,741,172$1,385
La Salle$14,300,867$5,603,770--
Marseilles$12,286,176$4,814,317$2,131
Mendota$11,910,551$4,667,129$1,404
Oglesby$6,933,757$2,716,981$1,401
Sheridan$5,762,217$2,257,915$4,293
Seneca$5,604,950$2,196,290$1,558
Earlville$4,791,260$1,877,447$1,993
Utica$3,682,583$1,443,014--
Leland$2,999,941$1,175,522$2,480
Tonica$2,287,725$896,441$2,378
Grand Ridge$1,556,704$609,992$1,865
Serena$1,161,782$455,242--
Lostant$1,045,963$409,859$1,653
Millington$1,025,532$401,853$1,072
Ransom$945,476$370,483$1,525
Rutland$508,825$199,382$1,936
Dana$372,308$145,888$2,177
Cedar Point$314,826$123,364$709
Troy Grove$283,824$111,216$695
Leonore$159,748$62,597$1,490
Wedron$100,075$39,214--
Triumph$97,796$38,321--

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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