Quantcast

Kankakee Times

Saturday, November 2, 2024

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

Adobestock 294508985

Adobe Stock

Adobe Stock

Bradley residents will have to pay $4,623,034 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 Kankakee Times analysis of Illinois Department of Revenue data.

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

The city in Kankakee County that will be the most affected by Pritzker's proposal is Bourbonnais, with residents expected to pay an additional $18,657,542 in income taxes -- approximately $1,975 per person in the labor force. Hopkins Park will pay only $33,194 more -- approximately $234 per person in the labor force in comparison, the least among Kankakee County cities.

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

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

CityTotal Expected Income Tax burdenTotal IncreasePer Person Increase
Bourbonnais$47,614,200$18,657,542$1,975
Kankakee$35,951,237$14,087,430$1,254
Manteno$18,516,218$7,255,548$1,543
Bradley$11,798,020$4,623,034$557
Saint Anne$7,482,748$2,932,102--
Momence$6,846,665$2,682,854$1,900
Grant Park$5,339,769$2,092,379$3,219
Herscher$3,479,577$1,363,466$1,907
Chebanse$3,189,811$1,249,922$2,228
Bonfield$2,605,264$1,020,868$5,901
Essex$1,854,105$726,528$1,807
Reddick$1,198,328$469,563$4,430
Buckingham$849,763$332,978$2,798
Pembroke Township$794,502$311,324--
Aroma Park$525,519$205,924$529
Union Hill$132,814$52,043$2,263
Hopkins Park$84,711$33,194$234

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