McHenry Times

McHenry Times

Wednesday, April 1, 2020

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


By Metric Media News Service | Feb 12, 2020

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Crystal Lake residents will have to pay $58,504,011 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 McHenry Times analysis of Illinois Department of Revenue data.

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?

Total Expected Income Tax burden
Total Increase
Per Person Increase
Crystal Lake
Lake In The Hills
Spring Grove
Wonder Lake
Island Lake
Fox River Grove

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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City of Crystal Lake

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