Sentences with phrase «on local property tax dollars»

Not exact matches

Because each of Illinois «958 local school districts has the ability to set its own property tax rate, and because each has a different base of local property value on which to collect taxes, there is a wide variance in the tax rates and dollars that support local elementary and high schools.

Other reforms Hawkins is calling for include a windfall tax on pharmaceutical companies» opioid wealth, a surtax on high - dollar pass - through income from LLCs and other pass - through vehicles, a clawback of the new federal tax cuts if not used to increase workers» pay, home rule for local income taxes, and tax credit «circuit breakers» to protect low - to - moderate income tenants and homeowners from unaffordable rents and property taxes.

In particular, K - 12 education relies heavily on local revenues, which on average contribute approximately 44 percent to the education budget (Johnson et al., 2011), with these dollars drawn mostly from local property taxes.

The proposal redirects hundreds of millions of dollars from public schools — often, school districts that rely most heavily on federal aid, forcing them to cut vital services or raise local property taxes.»

Regardless of the level of state aid, the continued reliance on local wealth means property - poor districts must continue to tax their residents at higher rates to obtain the same dollar amount for each pupil.