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West Central Reporter

Saturday, April 20, 2024

Analysis: Proposed K-12 budget would cost West Central residents $55M more in income taxes

Taxes

West Central Illinois residents would pay $55,121,298 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a West Central Reporter analysis of Illinois Department of Revenue data.

Superintendent Tony Smith called for increasing K-12 public schools funding to $50 billion next year, or $27,000 per student. Smith hasn’t said where he expects the new money to come from.

The state raised income taxes by 32 percent just six months ago, in part to fund a new school spending plan. If the superintendent's plan goes through unchanged, Alexander residents would see the largest average increase in West Central Illinois at $1,172 per household.

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How much more will your community pay?

CityZipCurrent income taxIncome tax under proposed planIncrease by zip codeAverage household increase
Alexander62601$726,981$984,886$257,905$1,172
Concord62631$471,966$639,401$167,435$1,163
Sciota61475$340,320$461,053$120,733$1,118
Arenzville62611$1,485,451$2,012,431$526,980$1,116
Good Hope61438$947,011$1,282,974$335,963$1,047
Rockbridge62081$382,380$518,033$135,653$1,036
Franklin62638$1,773,469$2,402,626$629,157$1,023
Hardin62047$1,899,240$2,573,016$673,776$1,000
Virginia62691$3,038,124$4,115,932$1,077,808$988
Frederick62639$352,273$477,246$124,973$976
Ashland62612$2,434,019$3,297,514$863,495$972
Winchester62694$3,863,973$5,234,761$1,370,788$972
Basco62313$456,072$617,869$161,797$969
Batchtown62006$637,372$863,486$226,114$962
Timewell62375$411,842$557,947$146,105$961
Golden Eagle62036$839,366$1,137,141$297,775$957
Waverly62692$2,601,904$3,524,958$923,054$939
Nauvoo62354$1,657,701$2,245,789$588,088$936
Macomb61455$18,711,000$25,348,935$6,637,935$934
Sutter62373$403,485$546,626$143,141$929
Murrayville62668$1,662,201$2,251,885$589,684$926
Bluffs62621$1,363,804$1,847,628$483,824$925
Carthage62321$4,871,020$6,599,068$1,728,048$921
Chambersburg62323$260,380$352,753$92,373$915
Pittsfield62363$6,534,000$8,852,009$2,318,009$910
Jacksonville62650$27,819,000$37,688,099$9,869,099$908
Blandinsville61420$1,260,288$1,707,389$447,101$905
Hamilton62341$3,988,272$5,403,156$1,414,884$905
Greenfield62044$2,179,740$2,953,027$773,287$903
Rushville62681$5,841,000$7,913,159$2,072,159$897
Adair61411$401,056$543,335$142,279$895
Brussels62013$599,282$811,884$212,602$882
Elvaston62334$169,173$229,189$60,016$870
Hull62343$725,706$983,158$257,452$870
Chandlerville62627$1,024,679$1,388,195$363,516$866
West Point62380$389,416$527,566$138,150$863
Bowen62316$669,900$907,554$237,654$861
Mt Sterling62353$4,052,021$5,489,520$1,437,499$859
Carrollton62016$4,194,398$5,682,407$1,488,009$858
Chapin62628$957,261$1,296,860$339,599$855
Rockport62370$428,407$580,389$151,982$854
Colchester62326$2,652,144$3,593,021$940,877$854
Warsaw62379$2,106,235$2,853,445$747,210$853
Marietta61459$400,331$542,353$142,022$850
Industry61440$793,795$1,075,402$281,607$848
Niota62358$742,235$1,005,551$263,316$836
Kinderhook62345$308,338$417,725$109,387$835
Griggsville62340$1,741,716$2,359,610$617,894$834
Versailles62378$976,446$1,322,851$346,405$833
Dallas City62330$1,780,351$2,411,950$631,599$826
Laprairie62346$246,663$334,169$87,506$826
Laharpe61450$1,802,240$2,441,605$639,365$821
Augusta62311$913,158$1,237,111$323,953$820
Camden62319$196,719$266,507$69,788$811
Hamburg62045$490,010$663,846$173,836$809
Browning62624$529,131$716,846$187,715$802
Kampsville62053$560,491$759,332$198,841$802
Littleton61452$255,104$345,605$90,501$794
Baylis62314$563,787$763,796$200,009$787
Huntsville62344$180,301$244,265$63,964$780
Barry62312$1,901,603$2,576,217$674,614$778
Manchester62663$304,356$412,330$107,974$766
Tennessee62374$338,173$458,144$119,971$764
Prairie City61470$439,494$595,410$155,916$757
Meredosia62665$1,317,685$1,785,148$467,463$753
Bushnell61422$3,112,208$4,216,298$1,104,090$747
Eldred62027$459,954$623,127$163,173$745
Michael62065$77,499$104,992$27,493$743
Roodhouse62082$2,249,901$3,048,079$798,178$734
White Hall62092$2,339,469$3,169,422$829,953$733
Woodson62695$402,537$545,342$142,805$732
Kane62054$679,131$920,061$240,930$728
Ferris62336$69,521$94,184$24,663$725
New Canton62356$441,516$598,149$156,633$725
Nebo62355$589,960$799,254$209,294$709
Beardstown62618$6,781,500$9,187,312$2,405,812$709
Alsey62610$182,180$246,811$64,631$703
Milton62352$195,238$264,502$69,264$693
Pearl62361$390,992$529,701$138,709$680
Wrights62098$39,839$53,972$14,133$673
Pleasant Hill62366$1,093,807$1,481,848$388,041$671
Hillview62050$343,780$465,739$121,959$663
Patterson62078$55,600$75,324$19,724$657
Perry62362$302,784$410,199$107,415$655
Plymouth62367$910,356$1,233,315$322,959$630
Mozier62070$41,131$55,723$14,592$540
New Salem62357$133,236$180,503$47,267$468
Bardolph61416$118,239$160,185$41,946$451

Total$55,121,298

Sources: Illinois Department of Revenue; Blockshopper.com; Illinois State Board of Education

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