Pexels.com
Pexels.com
Metro Rockford residents would pay $140,734,253 more in state income taxes if the state agrees to increase school funding by $7.2 billion, according to a Rockford 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, Rockford residents would see the largest average increase in Metro Rockford at $1,703 per household.
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How much more will your community pay?
City | Zip | Current income tax | Income tax under proposed plan | Increase by zip code | Average household increase |
Rockford | 61125 | $715,376 | $969,163 | $253,787 | $1,703 |
Rockford | 61114 | $30,591,000 | $41,443,496 | $10,852,496 | $1,480 |
Rockford | 61112 | $122,451 | $165,892 | $43,441 | $1,448 |
Caledonia | 61011 | $5,346,000 | $7,242,553 | $1,896,553 | $1,382 |
Roscoe | 61073 | $34,452,000 | $46,674,229 | $12,222,229 | $1,334 |
Rockford | 61107 | $47,223,000 | $63,975,883 | $16,752,883 | $1,214 |
Winnebago | 61088 | $9,256,500 | $12,540,346 | $3,283,846 | $1,170 |
Cherry Valley | 61016 | $7,920,000 | $10,729,708 | $2,809,708 | $1,151 |
Rockton | 61072 | $16,186,500 | $21,928,840 | $5,742,340 | $1,125 |
Poplar Grove | 61065 | $13,464,000 | $18,240,503 | $4,776,503 | $1,051 |
Durand | 61024 | $3,495,668 | $4,735,795 | $1,240,127 | $1,046 |
Belvidere | 61008 | $42,421,500 | $57,470,997 | $15,049,497 | $1,015 |
South Beloit | 61080 | $12,573,000 | $17,033,411 | $4,460,411 | $1,002 |
Pecatonica | 61063 | $5,445,000 | $7,376,674 | $1,931,674 | $988 |
Loves Park | 61111 | $27,769,500 | $37,621,038 | $9,851,538 | $923 |
Rockford | 61126 | $404,622 | $548,166 | $143,544 | $914 |
Rockford | 61108 | $29,650,500 | $40,169,343 | $10,518,843 | $831 |
Seward | 61077 | $105,216 | $142,543 | $37,327 | $829 |
Machesney Park | 61115 | $24,403,500 | $33,060,912 | $8,657,412 | $828 |
Shirland | 61079 | $172,952 | $234,309 | $61,357 | $818 |
Capron | 61012 | $2,222,078 | $3,010,385 | $788,307 | $814 |
Rockford | 61103 | $21,532,500 | $29,171,393 | $7,638,893 | $812 |
Rockford | 61109 | $25,146,000 | $34,066,822 | $8,920,822 | $778 |
Rockford | 61105 | $195,132 | $264,358 | $69,226 | $761 |
Rockford | 61102 | $13,167,000 | $17,838,139 | $4,671,139 | $683 |
Rockford | 61101 | $13,860,000 | $18,776,989 | $4,916,989 | $637 |
Rockford | 61104 | $8,860,500 | $12,003,861 | $3,143,361 | $494 |
Total | $140,734,253 |