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Kankakee Times

Thursday, April 25, 2024

Kankakee County taxpayers would pay an extra $25M if Democrats’ tax hike becomes law

Cullerton

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

Kankakee County taxpayers would see a total of $25 million in state income tax increases if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.

Kankakee communities that would see the largest collective increases include North Bradley/Bourbonnais ($8 million), Kankakee/Limestone ($6.2 million), Manteno ($3.1 million), South Bradley ($2.1 million), St. Anne ($1.3 million) and Momence ($1.2 million). 

Taxpayers from Essex ($711), North Bradley/Bourbonnais ($665), Herscher ($651), Bonfield ($647), Grant Park ($611) and Buckingham ($606) would see the highest average increases.

Led by Senate President John Cullerton (D-Chicago), Democrats passed the individual income tax hike last week-- from 3.75 percent to 4.95 percent-- along with a broader set of tax increases on businesses.

If their projections prove correct, individual Illinois taxpayers will send an additional $4.453 billion to Springfield each year as a result of the higher rates. Businesses will pay another $1 billon.

LGIS looked at 2014 income taxes paid by zip code to create a ranking of the highest-paying Kankakee County communities.

Its analysis looked at the percentage of total state income taxes paid by zip code, as reported by the Illinois Department of Revenue. It then applied that percentage to the amount Senate Democrats expect their tax hike will raise to calculate an average increase.

The analysis used 2014 tax return data, which is the latest available and also represents a year in which state income taxes were higher-- five percent, or approximately the level to which the Democrats are hoping to raise them.

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Top income tax-paying communities in Kankakee County

Which communities pay the highest income taxes in Kankakee County?

RankingCommunitiesZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Essex60935$711487
2Bradley (North) / Bourbonnais60914$66511,978
3Herscher60941$651925
4Bonfield60913$647731
5Grant Park60940$6111,503
6Buckingham60917$606264
7Reddick60961$584352
8Manteno60950$5765,333
9St. Anne60964$5622,261
10Chebanse60922$5251,124
11Momence60954$4592,595
12Kankakee / Limestone60901$44314,044
13Bradley (South)60915$4314,858
14Aroma Park60910$359239
15Hopkins Park60958$246497

Source: Illinois Department of Revenue; Blockshopper.com

How much more will your community pay?

If state income taxes are increased to 4.95 percent from 3.75 percent, how much more will taxpayers in your community pay for state government?

RankingCommunitiesZipEstimated State Income Tax Increase
1Bradley (North) / Bourbonnais60914$7,966,772
2Kankakee / Limestone60901$6,221,246
3Manteno60950$3,072,042
4Bradley (South)60915$2,092,925
5St. Anne60964$1,271,731
6Momence60954$1,190,806
7Grant Park60940$918,077
8Herscher60941$602,247
9Chebanse60922$590,550
10Bonfield60913$472,628
11Essex60935$346,051
12Reddick60961$205,551
13Buckingham60917$159,983
14Hopkins Park60958$122,185
15Aroma Park60910$85,744

TOTAL

$25,318,538

Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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