Wirepoints’ Mark Glennon on AM560’s Morning Answer
April 22, 2026
No Comments
Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
Ongoing dedicated revenues to the Budget Stabilization Fund and estimated FY2024 amounts include: 10% of state cannabis tax revenues ($25 million), monthly transfers of $3.75 million from the General Revenue Fund ($45 million), repayment over 10-years from the loan of $450 million to the State’s UI Trust Fund ($45 million), and interest earnings on the fund’s balance ($23 million).
SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
FOLLOW US
WIREPOINTS ORIGINAL STORIES
Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
34 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades
April 3, 2026
9 Comments
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Meanwhile, in the real world, Illinois has huge cash deficits across the board, with the already untenable pension bomb growing ever larger. Only in the mind of an unaccomplished trust fund baby like JB the Hutt are Illinois’ finances being managed responsibly. The state’s mortgage is so far behind that JB the Hutt would have to tax residents of neighboring states to keep up the payments. Of course the bailouts from Uncle Fed show this to already be happening. Illinois is beyond broke. Only bankruptcy can save the state, since Illinois’ Constitution forbids any sensible pension reform and the members… Read more »
The state has great power to raise taxes or cut spending. No need for bankruptcy just because you want to steal from pensioners. Either we pay more taxes now or pay even more later.