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
The median state level Moody’s ANPL is 91% of revenues v 505% in Illinois.
ANPL = Adusted Net Pension Liability, a Moody’s proprietary calculation of the unfunded liability which lowers the discount (interest) rates used by the pension funds.