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Tuesday, November 5, 2024

Analysis: Proposed K-12 budget would cost Southeast Illinois residents $33.6M more in income taxes

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Southeast Illinois residents would pay $33,623,910 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a Southeast Illinois News 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, Omaha residents would see the largest average increase in Southeast Illinois at $1,294 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
Omaha62871$962,770$1,304,323$341,553$1,294
Burnt Prairie62820$215,328$291,718$76,390$1,107
Barnhill62809$386,637$523,801$137,164$1,097
Ridgway62979$1,551,416$2,101,797$550,381$1,090
Mill Shoals62862$488,743$662,131$173,388$1,064
Dahlgren62828$1,864,577$2,526,057$661,480$1,042
Norris City62869$3,313,100$4,488,459$1,175,359$1,038
Mt. Carmel62863$12,523,500$16,966,350$4,442,850$1,034
Springerton62887$378,099$512,234$134,135$1,016
Carmi62821$9,157,500$12,406,225$3,248,725$1,016
Crossville62827$1,372,291$1,859,126$486,835$1,014
Ellery62833$449,208$608,570$159,362$1,002
Galatia62935$2,221,928$3,010,181$788,253$968
Browns62818$419,091$567,768$148,677$959
Mt Erie62446$487,366$660,264$172,898$955
Allendale62410$1,128,219$1,528,468$400,249$937
Junction62954$517,226$700,718$183,492$936
Albion62806$3,859,670$5,228,930$1,369,260$933
Harrisburg62946$13,464,000$18,240,503$4,776,503$927
Raleigh62977$734,787$995,461$260,674$918
Geff62842$873,869$1,183,884$310,015$904
Enfield62835$1,164,883$1,578,139$413,256$893
Shawneetown62984$1,606,240$2,176,071$569,831$889
Stonefort62987$1,146,330$1,553,003$406,673$888
Equality62934$967,487$1,310,713$343,226$887
Fairfield62837$9,504,000$12,875,649$3,371,649$871
Wayne City62895$2,076,769$2,813,525$736,756$868
Mcleansboro62859$5,841,000$7,913,159$2,072,159$865
Grayville62844$2,109,332$2,857,641$748,309$857
Broughton62817$529,657$717,559$187,902$843
Eldorado62930$5,445,000$7,376,674$1,931,674$840
West Salem62476$1,734,488$2,349,817$615,329$832
Bone Gap62815$337,271$456,922$119,651$803
Keenes62851$352,260$477,228$124,968$786
Cisne62823$1,634,750$2,214,695$579,945$781
New Haven62867$405,577$549,460$143,883$774
Johnsonville62850$324,404$439,490$115,086$772
Golden Gate62843$90,458$122,549$32,091$764
Carrier Mills62917$1,972,089$2,671,710$699,621$758
Sims62886$330,885$448,270$117,385$757
Rinard62878$320,013$433,542$113,529$747
Keensburg62852$148,032$200,548$52,516$710
Maunie62861$57,273$77,592$20,319$677
Bellmont62811$231,745$313,959$82,214$632
Muddy62965$79,758$108,053$28,295$566

Total$33,623,910

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

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