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South Central Reporter

Monday, December 23, 2024

Analysis: Proposed K-12 budget would cost South Central residents $97M more in income taxes

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South Central residents would pay $96,947,224 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a South 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, New Memphis residents would see the largest average increase in South Central at $1,430 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
New Memphis62266$342,545$464,067$121,522$1,430
Mt Auburn62547$1,205,986$1,633,823$427,837$1,247
Aviston62216$4,353,179$5,897,517$1,544,338$1,230
Modesto62667$714,328$967,744$253,416$1,157
Albers62215$2,686,696$3,639,831$953,135$1,144
Germantown62245$2,817,674$3,817,275$999,601$1,123
Addieville62214$1,681,751$2,278,371$596,620$1,113
Breese62230$9,949,500$13,479,195$3,529,695$1,094
Trenton62293$6,781,500$9,187,312$2,405,812$1,083
Bartelso62218$2,302,512$3,119,353$816,841$1,082
Farmersville62533$1,304,418$1,767,174$462,756$1,066
Okawville62271$3,061,542$4,147,658$1,086,116$1,060
Brighton62012$8,662,500$11,735,618$3,073,118$1,037
Waggoner62572$761,870$1,032,152$270,282$1,036
Raymond62560$2,007,438$2,719,598$712,160$1,034
Edinburg62531$2,482,844$3,363,660$880,816$1,033
Harvel62538$427,526$579,196$151,670$1,032
Hoyleton62803$1,427,745$1,934,253$506,508$1,029
Greenville62246$10,296,000$13,948,620$3,652,620$1,028
Eagarville62023$83,668$113,350$29,682$1,024
New Baden62265$5,494,500$7,443,735$1,949,235$1,023
Nashville62263$7,326,000$9,924,980$2,598,980$1,016
Staunton62088$8,365,500$11,333,254$2,967,754$1,003
Oakdale62268$1,012,661$1,371,914$359,253$1,001
Owaneco62555$654,436$886,605$232,169$996
Carlyle62231$9,454,500$12,808,589$3,354,089$991
Butler62015$654,279$886,392$232,113$979
Pocahontas62275$4,269,712$5,784,439$1,514,727$979
Morrisonville62546$2,042,591$2,767,223$724,632$971
Hillsboro62049$7,524,000$10,193,222$2,669,222$971
Richview62877$629,174$852,380$223,206$950
Patoka62875$1,348,332$1,826,668$478,336$945
Chesterfield62630$550,707$746,077$195,370$944
Carlinville62626$9,256,500$12,540,346$3,283,846$943
Assumption62510$1,932,994$2,618,744$685,750$929
Plainview62685$2,206,134$2,988,785$782,651$926
Walshville62091$391,261$530,066$138,805$919
Nokomis62075$3,605,061$4,883,997$1,278,936$919
Standard City62640$3,972,097$5,381,243$1,409,146$916
Fillmore62032$809,829$1,097,125$287,296$915
Bunker Hill62014$4,340,778$5,880,717$1,539,939$914
Medora62063$1,311,480$1,776,742$465,262$914
Taylorville62568$17,671,500$23,940,660$6,269,160$912
Hettick62649$511,195$692,548$181,353$907
Litchfield62056$9,751,500$13,210,953$3,459,453$894
Donnellson62019$492,942$667,818$174,876$883
Gillespie62033$4,878,163$6,608,745$1,730,582$879
Irving62051$940,438$1,274,069$333,631$873
Rosamond62083$284,503$385,434$100,931$870
Mt Olive62069$3,335,698$4,519,073$1,183,375$863
Salem62881$12,226,500$16,563,986$4,337,486$862
Smithboro62284$579,829$785,530$205,701$861
Palmer62556$384,674$521,141$136,467$858
Irvington62848$658,485$892,090$233,605$846
Hoffman62250$544,993$738,335$193,342$844
Witt62094$1,022,370$1,385,067$362,697$843
Virden62690$4,102,018$5,557,255$1,455,237$843
Vandalia62471$9,009,000$12,205,043$3,196,043$841
Coffeen62017$1,106,225$1,498,670$392,445$830
Palmyra62674$1,383,564$1,874,399$490,835$829
St Peter62880$736,482$997,757$261,275$827
Coulterville62237$2,600,302$3,522,788$922,486$823
Pana62557$7,177,500$9,723,798$2,546,298$823
Ashley62808$1,485,051$2,011,889$526,838$812
Sorento62086$1,259,327$1,706,088$446,761$809
Taylor Springs62089$453,518$614,409$160,891$804
Vernon62892$284,819$385,861$101,042$802
Mulberry Grove62262$1,676,052$2,270,650$594,598$799
Radom62876$229,294$310,639$81,345$798
Centralia62801$19,305,000$26,153,663$6,848,663$795
Iuka62849$2,058,270$2,788,465$730,195$795
Kell62853$989,383$1,340,377$350,994$794
Bingham62011$223,713$303,078$79,365$794
Beckemeyer62219$1,040,206$1,409,231$369,025$792
Brownstown62418$2,031,830$2,752,644$720,814$789
Shobonier62885$833,851$1,129,669$295,818$787
Ramsey62080$2,212,256$2,997,078$784,822$778
Tovey62570$433,996$587,961$153,965$778
Stonington62567$1,176,300$1,593,605$417,305$777
Benld62009$1,591,503$2,156,107$564,604$772
St Elmo62458$2,174,116$2,945,408$771,292$770
Herrick62431$1,034,412$1,401,381$366,969$768
Farina62838$1,499,999$2,032,141$532,142$762
Odin62870$1,919,485$2,600,444$680,959$758
Alma62807$824,648$1,117,201$292,553$754
Beecher City62414$1,804,610$2,444,815$640,205$751
Panama62077$279,308$378,395$99,087$734
Kinmundy62854$1,522,200$2,062,218$540,018$731
Kincaid62540$1,486,565$2,013,940$527,375$720
Keyesport62253$597,715$809,761$212,046$714
Sandoval62882$1,847,130$2,502,420$655,290$713
Ohlman62076$85,426$115,732$30,306$659
Bulpitt62517$151,429$205,150$53,721$647
Wilsonville62093$316,405$428,653$112,248$603
Sawyerville62085$118,047$159,926$41,879$598
Pierron62273$299,946$406,355$106,409$598
Nilwood62672$127,239$172,379$45,140$571

Total$96,947,224

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

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