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.
-- Connecting the dots between our economy, government and business --
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
The machines economist, martire, makes no mention of the COVID $bucks$?, or what happens when they’re gone?……who’da thunk
I can give Ralph Martire props on but a single point, his consistency. Martire is simply unapologetic about government spending. No program isn’t essential. My accolades end there. Refreshingly, Martire admits that tax revenue hasn’t increased nearly as rapidly as tax expenditures. Businesses and productive taxpayers are fleeing Illinois. Horrifyingly, Martire doubles down on the policies and “priorities” that make Illinois’ situation ever more perilous, further aggravating the exodus of taxpayers and their wallets. The fixed costs, mostly the increasing costs of borrowing and spending, represent 28.4% of total outlays. The borrowing costs are rising because Illinois keeps swiping the… Read more »
Another Ralph piece with a bunch of gaps. One thing he needs to start considering is how the state’s stagnant population is impacting revenues. Illinois’ tax base is getting smaller and older (retirees are exempt) while there are 200K less students enrolled in K-12 education today than in 2000. The state has no natural growth to overcome the impact of inflation. But he continues to cite numbers from Y2K as if that’s some barometer for what the state should be spending today. It ain’t.
Different world, Ralph. Turn off Matchbox 20.