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.
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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
Was it San Bernardino, or Stockton, Calif. that was granted bankruptcy court permission to reduce pension benefits, but declined?
San Bernadino opted not to try to cut them. Just a few months later a federal judge in the Stockton case said bankruptcy can legally cut pensions, but Stockton, too, opted not to.