Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
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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
Remember that the “parking meters” are gone. They were replaced by the private-sector buyer with boxes and payments by app and credit card. The owners use contracted ticket writers and back-office support to make the system work. If Chicago was to buy back the system it would (a) have to be at market price and (b) come with the need to staff up and make the system as it is today work.
In the “it’s only taxpayer money” category, how much more would Chicago spend to buy back this business … 3X, 5X? They’re such savvy investors.
To estimate the multiplier, take the average ratio of what Chicago downtown office buildings were worth 20 years ago versus now. For example, if those buildings were worth 4X what they’re selling for now, there’s your multiplier.
a nonsensical correlation (or is it?)