Quantcast

Chambana Sun

Thursday, November 21, 2024

Analysis: Proposed K-12 budget would cost Chambana residents $128M more in income taxes

Moneypens

Pexels.com

Pexels.com

Greater C-U residents would pay $128,251,320 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a Chambana Sun 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, Champaign residents would see the largest average increase in Greater C-U at $1,690 per household.

---

How much more will your community pay?

CityZipCurrent income taxIncome tax under proposed planIncrease by zip codeAverage household increase
Champaign61822$49,995,000$67,731,280$17,736,280$1,690
Dewey61840$1,362,099$1,845,319$483,220$1,524
East Lynn60932$167,672$227,155$59,483$1,451
Mahomet61853$23,661,000$32,055,002$8,394,002$1,447
Seymour61875$1,376,927$1,865,407$488,480$1,412
White Heath61884$2,226,143$3,015,892$789,749$1,410
Savoy61874$12,226,500$16,563,986$4,337,486$1,316
Monticello61856$13,117,500$17,771,079$4,653,579$1,275
Philo61864$2,842,057$3,850,309$1,008,252$1,216
Allerton61810$507,867$688,038$180,171$1,201
St Joseph61873$9,405,000$12,741,528$3,336,528$1,193
Sidney61877$2,421,007$3,279,886$858,879$1,142
Pesotum61863$1,289,432$1,746,872$457,440$1,124
Ogden61859$1,774,205$2,403,623$629,418$1,097
Homer61849$2,621,446$3,551,433$929,987$1,095
Champaign61821$41,679,000$56,465,087$14,786,087$1,094
Ivesdale61851$620,745$840,961$220,216$1,090
Danville61834$9,306,000$12,607,407$3,301,407$1,090
Tolono61880$5,890,500$7,980,220$2,089,720$1,085
Fithian61844$1,400,581$1,897,452$496,871$1,085
Broadlands61816$696,598$943,724$247,126$1,074
Royal61871$449,297$608,689$159,392$1,070
Gifford61847$1,615,221$2,188,239$573,018$1,044
Sadorus61872$963,883$1,305,832$341,949$1,043
Mansfield61854$2,078,399$2,815,735$737,336$1,031
Kempton60946$492,747$667,554$174,807$1,028
Gibson City60936$5,593,500$7,577,856$1,984,356$1,017
Fairmount61841$1,747,922$2,368,017$620,095$1,017
Fisher61843$3,194,743$4,328,114$1,133,371$1,014
Bismarck61814$1,544,673$2,092,663$547,990$1,005
Catlin61817$3,166,281$4,289,555$1,123,274$993
Sidell61876$810,764$1,098,392$287,628$978
Penfield61862$593,044$803,433$210,389$970
Oakwood61858$3,877,153$5,252,616$1,375,463$968
Cabery60919$583,000$789,826$206,826$966
Deland61839$712,296$964,991$252,695$961
Melvin60952$718,266$973,079$254,813$954
Cisco61830$622,051$842,731$220,680$951
Foosland61845$470,943$638,015$167,072$944
Urbana61802$23,067,000$31,250,274$8,183,274$939
Collison61831$179,917$243,745$63,828$939
Milmine61855$105,642$143,120$37,478$937
Hammond61929$888,251$1,203,368$315,117$927
Indianola61850$566,003$766,799$200,796$917
Cerro Gordo61818$1,868,306$2,531,108$662,802$909
Piper City60959$1,130,185$1,531,131$400,946$909
Atwood61913$1,896,655$2,569,514$672,859$906
Paxton60957$6,336,000$8,583,766$2,247,766$901
Potomac61865$1,549,674$2,099,438$549,764$900
Alvin61811$728,396$986,803$258,407$888
Urbana61801$22,324,500$30,244,364$7,919,864$866
Thomasboro61878$1,636,574$2,217,167$580,593$859
Bondville61815$350,846$475,312$124,466$853
Roberts60962$563,970$764,045$200,075$848
Bement61813$2,017,391$2,733,083$715,692$842
Longview61852$263,827$357,423$93,596$836
Elliott60933$306,232$414,871$108,639$805
Rankin60960$844,826$1,144,537$299,711$804
Henning61848$216,884$293,826$76,942$801
Champaign61820$21,087,000$28,567,847$7,480,847$791
Rossville60963$1,760,799$2,385,462$624,663$791
Armstrong61812$382,068$517,611$135,543$788
Ridge Farm61870$1,153,436$1,562,630$409,194$782
Sibley61773$466,298$631,722$165,424$766
Danville61832$28,363,500$38,425,766$10,062,266$764
Georgetown61846$4,175,132$5,656,306$1,481,174$762
Westville61883$4,436,898$6,010,937$1,574,039$760
Hoopeston60942$5,049,000$6,840,189$1,791,189$734
Laplace61936$252,523$342,108$89,585$728
Muncie61857$145,103$196,580$51,477$705
Ludlow60949$479,085$649,045$169,960$702
Rantoul61866$11,434,500$15,491,016$4,056,516$678
Tilton61833$1,666,734$2,258,027$591,293$657

Total$128,251,320

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

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS