Quantcast

Dupage Policy Journal

Friday, April 19, 2024

Analysis: Proposed K-12 budget would cost DuPage residents $745M more in income taxes

Moneypens

Pexels.com

Pexels.com

DuPage County residents would pay $744,689,399 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a DuPage Policy Journal 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, Hinsdale residents would see the largest average increase in DuPage County at $6,225 per household.

---

How much more will your community pay?

CityZipCurrent income taxIncome tax under proposed planIncrease by zip codeAverage household increase
Hinsdale60521$140,085,000$189,781,706$49,696,706$6,225
Oak Brook60523$81,180,000$109,979,505$28,799,505$5,447
Clarendon Hills60514$38,808,000$52,575,568$13,767,568$2,988
Naperville60540$134,640,000$182,405,032$47,765,032$2,447
Glen Ellyn60137$115,830,000$156,921,976$41,091,976$2,284
Elmhurst60126$135,135,000$183,075,639$47,940,639$2,242
Wheaton60189$89,100,000$120,709,212$31,609,212$2,089
Naperville60565$107,415,000$145,521,662$38,106,662$2,039
Wheaton60187$67,815,000$91,873,123$24,058,123$1,927
Downers Grove60515$73,260,000$99,249,797$25,989,797$1,912
Aurora60502$49,995,000$67,731,280$17,736,280$1,835
Naperville60566$201,961$273,609$71,648$1,748
Winfield60190$26,631,000$36,078,642$9,447,642$1,690
Medinah60157$6,187,500$8,382,584$2,195,084$1,677
Naperville60563$80,685,000$109,308,898$28,623,898$1,655
Itasca60143$22,819,500$30,914,971$8,095,471$1,517
Downers Grove60516$61,380,000$83,155,235$21,775,235$1,479
Lisle60532$57,915,000$78,460,988$20,545,988$1,474
Darien60561$50,490,000$68,401,887$17,911,887$1,470
Bartlett60103$79,200,000$107,297,078$28,097,078$1,433
Aurora60567$1,181,404$1,600,520$419,116$1,402
Bloomingdale60108$43,659,000$59,147,514$15,488,514$1,371
Roselle60172$43,609,500$59,080,453$15,470,953$1,241
Warrenville60555$23,562,000$31,920,881$8,358,881$1,228
Woodridge60517$54,945,000$74,437,348$19,492,348$1,222
Villa Park60181$49,302,000$66,792,431$17,490,431$1,222
Lombard60148$87,120,000$118,026,786$30,906,786$1,211
Westmont60559$40,342,500$54,654,449$14,311,949$1,196
Aurora60504$52,470,000$71,084,314$18,614,314$1,136
Carol Stream60188$67,320,000$91,202,516$23,882,516$1,131
West Chicago60185$49,252,500$66,725,370$17,472,870$1,101
Wood Dale60191$21,334,500$28,903,150$7,568,650$1,015
Addison60101$47,371,500$64,177,065$16,805,565$942
Eola60519$134,816$182,643$47,827$870
Bensenville60106$22,720,500$30,780,849$8,060,349$831
Glendale Hts60139$36,382,500$49,289,595$12,907,095$827
Hanover Park60133$38,709,000$52,441,447$13,732,447$808
Aurora60507$939,664$1,273,021$333,357$799

Total$744,689,399

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

MORE NEWS