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Pritzker claims the additional tax revenue will "eliminate the budget deficit."
The city in McHenry County that will be the most affected by Pritzker's proposal is Crystal Lake, with residents expected to pay an additional $58,504,011 in income taxes -- approximately $2,589 per person in the labor force. Ringwood will pay only $965,861 more -- approximately $2,185 per person in the labor force in comparison, the least among McHenry County cities.
The following table shows how other cities in McHenry County are affected.
How much more will residents from McHenry County pay on the proposal?
City | Total Expected Income Tax burden | Total Increase | Per Person Increase |
---|---|---|---|
Crystal Lake | $149,302,715 | $58,504,011 | $2,589 |
Mchenry | $108,102,418 | $42,359,746 | -- |
Algonquin | $78,215,518 | $30,648,616 | $1,707 |
Cary | $68,366,684 | $26,789,367 | $2,645 |
Lake In The Hills | $64,552,527 | $25,294,796 | -- |
Woodstock | $61,582,469 | $24,130,984 | $1,751 |
Huntley | $54,184,473 | $21,232,092 | $1,805 |
Marengo | $22,863,161 | $8,958,890 | $1,971 |
Spring Grove | $22,452,085 | $8,797,811 | $2,837 |
Harvard | $17,017,995 | $6,668,472 | $1,402 |
Wonder Lake | $16,705,027 | $6,545,836 | $2,891 |
Island Lake | $15,418,545 | $6,041,730 | $1,245 |
Fox River Grove | $13,195,830 | $5,170,763 | $1,799 |
Richmond | $7,723,160 | $3,026,307 | $2,666 |
Union | $3,070,765 | $1,203,274 | $4,593 |
Hebron | $2,618,776 | $1,026,163 | $1,476 |
Ringwood | $2,464,885 | $965,861 | $2,185 |
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.