Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
2 Comments
Audio and summary linked here.
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A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
I applaud their effort. The city can deposit as much money as they want at the bank but they can’t force them to make loans. The bank officers likely understand the risks of making such loans and simply sit on the excess deposits instead of lending it out.
Seems prudent – that’s how banks remain solvent, making good judgment calls.