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
Chicago Public Schools will pick every pocket from Rockford to Cairo to keep their overpaid, underperforming teachers in lucrative jobs.
Chicago taxpayers already contribute to both pension funds—one for the state system and another for the Chicago fund. Under the proposed change, they would still be paying into the state system, but now all Illinois residents, including those outside of Chicago, would help cover the Chicago pension shortfall. Essentially, this is “voodoo accounting” because it gives the illusion of savings by moving the financial responsibility without addressing the underlying pension deficit. The state’s taxpayers, including Chicagoans, will still be on the hook, but the politicians can claim they’ve reduced local pension costs. In reality, it’s just a transfer of responsibility,… Read more »