Grundy Reporter

Grundy Reporter

Monday, March 30, 2020

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


By Metric Media News Service | Feb 17, 2020

Money 08

Verona residents will have to pay $484,232 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 Grundy Reporter analysis of Illinois Department of Revenue data.

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

The city in Grundy County that will be the most affected by Pritzker's proposal is Morris, with residents expected to pay an additional $15,612,464 in income taxes -- approximately $2,262 per person in the labor force. Kinsman will pay only $94,038 more -- approximately $2,090 per person in the labor force in comparison, the least among Grundy County cities.

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

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

Total Expected Income Tax burden
Total Increase
Per Person Increase
Coal City
South Wilmington

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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Organizations in this Story

Village of Verona

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