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Kankakee Times

Monday, May 13, 2024

Analysis: Proposed K-12 budget would cost Kankakee residents $55.2M more in income taxes

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Kankakee County residents would pay $55,171,278 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a Kankakee Times 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, Union Hill residents would see the largest average increase in Kankakee County at $1,600 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
Union Hill60969$135,306$183,307$48,001$1,600
Loda60948$2,543,917$3,446,400$902,483$1,316
Essex60935$1,683,995$2,281,411$597,416$1,227
Bonfield60913$2,312,275$3,132,580$820,305$1,122
Herscher60941$2,908,144$3,939,841$1,031,697$1,115
Bourbonnais60914$37,620,000$50,966,112$13,346,112$1,114
Grant Park60940$4,593,272$6,222,787$1,629,515$1,084
Ashkum60911$1,953,639$2,646,714$693,075$1,075
Reddick60961$1,023,966$1,387,230$363,264$1,032
Clifton60927$2,898,023$3,926,129$1,028,106$1,001
Manteno60950$14,949,000$20,252,323$5,303,323$994
Buckingham60917$737,949$999,744$261,795$992
St Anne60964$6,237,000$8,449,645$2,212,645$979
Buckley60918$1,097,910$1,487,406$389,496$962
Martinton60951$1,056,151$1,430,832$374,681$932
Thawville60968$462,333$626,351$164,018$921
Danforth60930$963,239$1,304,959$341,720$916
Chebanse60922$2,873,272$3,892,598$1,019,326$907
Watseka60970$7,573,500$10,260,283$2,686,783$901
Milford60953$2,517,775$3,410,983$893,208$883
Cissna Park60924$1,923,934$2,606,471$682,537$869
Crescent City60928$843,927$1,143,319$299,392$855
Donovan60931$704,018$953,776$249,758$850
Momence60954$6,039,000$8,181,402$2,142,402$826
Kankakee60901$31,729,500$42,985,892$11,256,392$802
Gilman60938$2,202,261$2,983,538$781,277$798
Onarga60955$1,901,671$2,576,310$674,639$764
Sheldon60966$1,373,576$1,860,867$487,291$761
Iroquois60945$139,404$188,859$49,455$738
Bradley60915$10,048,500$13,613,317$3,564,817$734
Wellington60973$342,900$464,547$121,647$724
Stockland60967$60,859$82,449$21,590$720
Beaverville60912$450,216$609,935$159,719$697
Papineau60956$76,675$103,876$27,201$697
Aroma Park60910$462,767$626,939$164,172$687
Woodland60974$233,019$315,685$82,666$641
Claytonville60926$55,477$75,158$19,681$579
Hopkins Pk60944$117,109$158,655$41,546$561
Pembroke Township60958$671,234$909,361$238,127$479

Total$55,171,278

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

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