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DeKalb Times

Saturday, February 22, 2020

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

Politics

By Metric Media News Service | Feb 13, 2020

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Sycamore residents will have to pay $16,605,683 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 DeKalb Times analysis of Illinois Department of Revenue data.

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

The city in DeKalb County that will be the most affected by Pritzker's proposal is Dekalb, with residents expected to pay an additional $17,286,201 in income taxes. Clare will pay only $227,780 more in comparison, the least among DeKalb County cities.

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

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

City
Total Expected Income Tax burden
Total Increase
Per Person Increase
Dekalb
$44,114,527
$17,286,201
--
Sycamore
$42,377,839
$16,605,683
$1,688
Sandwich
$18,607,102
$7,291,161
$1,625
Genoa
$12,022,207
$4,710,881
$1,878
Somonauk
$7,881,035
$3,088,170
$2,728
Cortland
$6,614,792
$2,591,995
$1,207
Hinckley
$4,860,131
$1,904,434
$1,583
Kingston
$4,559,732
$1,786,723
$2,597
Kirkland
$3,685,955
$1,444,335
$1,599
Waterman
$3,154,877
$1,236,233
$1,581
Malta
$2,782,251
$1,090,220
$1,842
Shabbona
$1,974,418
$773,672
$1,474
Clare
$581,296
$227,780
--

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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