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East Central Reporter

Tuesday, November 5, 2024

Analysis: Proposed K-12 budget would cost East Central residents $99.1M more in income taxes

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East Central Illinois residents would pay $99,090,449 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to an East 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, Teutopolis residents would see the largest average increase in East Central Illinois at $1,206 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
Teutopolis62467$6,534,000$8,852,009$2,318,009$1,206
Camargo61919$1,113,806$1,508,940$395,134$1,149
Humboldt61931$1,652,952$2,239,355$586,403$1,136
Lerna62440$1,668,869$2,260,918$592,049$1,090
Dennison62423$906,100$1,227,549$321,449$1,079
Effingham62401$28,759,500$38,962,251$10,202,751$1,066
Hutsonville62433$1,203,412$1,630,336$426,924$1,039
Moweaqua62550$3,721,232$5,041,380$1,320,148$1,037
Robinson62454$13,513,500$18,307,564$4,794,064$1,023
Newman61942$1,470,251$1,991,839$521,588$1,011
West Liberty62475$455,341$616,878$161,537$1,010
Hume61932$559,744$758,319$198,575$1,008
Annapolis62413$528,335$715,768$187,433$997
Brocton61917$716,733$971,003$254,270$989
Mattoon61938$26,581,500$36,011,582$9,430,082$986
Trilla62469$547,547$741,796$194,249$971
Dieterich62424$2,825,849$3,828,350$1,002,501$963
Charleston61920$21,384,000$28,970,211$7,586,211$961
Chrisman61924$2,632,682$3,566,655$933,973$960
Tuscola61953$7,969,500$10,796,768$2,827,268$945
Flat Rock62427$1,928,931$2,613,241$684,310$941
Newton62448$7,128,000$9,656,737$2,528,737$941
Watson62473$1,735,260$2,350,863$615,603$940
West York62478$437,101$592,167$155,066$940
Ashmore61912$1,521,800$2,061,675$539,875$939
Strasburg62465$1,126,241$1,525,788$399,547$938
Marshall62441$8,613,000$11,668,557$3,055,557$938
Shumway62461$1,079,720$1,462,763$383,043$930
St Francisville62460$1,225,195$1,659,847$434,652$923
Lawrenceville62439$8,415,000$11,400,315$2,985,315$922
Kansas61933$1,175,144$1,592,039$416,895$920
Arthur61911$5,593,500$7,577,856$1,984,356$920
Oblong62449$3,638,265$4,928,980$1,290,715$918
Neoga62447$3,664,416$4,964,408$1,299,992$912
Montrose62445$1,094,463$1,482,736$388,273$909
Arcola61910$5,049,000$6,840,189$1,791,189$904
Shelbyville62565$8,662,500$11,735,618$3,073,118$900
Hindsboro61930$581,156$787,327$206,171$900
Claremont62421$849,500$1,150,870$301,370$892
West Union62477$980,440$1,328,262$347,822$890
Oakland61943$1,747,206$2,367,047$619,841$888
Jewett62436$709,019$960,552$251,533$886
Sigel62462$1,422,221$1,926,770$504,549$885
Findlay62534$1,251,850$1,695,958$444,108$885
Yale62481$429,317$581,622$152,305$880
Palestine62451$2,268,939$3,073,870$804,931$880
Casey62420$4,866,533$6,592,989$1,726,456$874
Oconee62553$488,882$662,319$173,437$872
Altamont62411$5,049,000$6,840,189$1,791,189$865
Paris61944$13,068,000$17,704,018$4,636,018$860
Sumner62466$2,458,173$3,330,237$872,064$859
Westfield62474$828,096$1,121,872$293,776$856
Noble62868$2,034,149$2,755,786$721,637$856
Villa Grove61956$3,120,364$4,227,347$1,106,983$855
Hidalgo62432$610,008$826,415$216,407$855
Wheeler62479$981,192$1,329,281$348,089$853
Dundas62425$657,634$890,937$233,303$848
Lakewood62438$370,730$502,251$131,521$843
Ingraham62434$413,438$560,110$146,672$843
Olney62450$12,919,500$17,502,836$4,583,336$843
Martinsville62442$2,525,144$3,420,967$895,823$840
Xenia62899$1,717,540$2,326,856$609,316$839
Toledo62468$2,582,107$3,498,138$916,031$837
Sainte Marie62459$265,004$359,017$94,013$825
Tower Hill62571$1,288,931$1,746,194$457,263$818
Louisville62858$2,931,921$3,972,052$1,040,131$815
Windsor61957$1,909,481$2,586,890$677,409$812
Stewardson62463$1,294,968$1,754,372$459,404$806
Greenup62428$3,123,756$4,231,943$1,108,187$801
Parkersburg62452$417,841$566,075$148,234$793
Bridgeport62417$2,753,113$3,729,810$976,697$791
Flora62839$6,484,500$8,784,948$2,300,448$790
Metcalf61940$200,285$271,338$71,053$789
Mason62443$1,668,976$2,261,064$592,088$789
Mode62444$375,753$509,056$133,303$753
Clay City62824$1,636,498$2,217,064$580,566$751
Redmon61949$147,980$200,477$52,497$739
Cowden62422$997,584$1,351,488$353,904$733
Calhoun62419$352,641$477,745$125,104$723
Willow Hill62480$594,136$804,912$210,776$703
Edgewood62426$821,947$1,113,542$291,595$677
Stoy62464$90,839$123,065$32,226$671
Murdock61941$55,816$75,617$19,801$600
Vermilion61955$141,507$191,708$50,201$591

Total$99,090,449

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

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