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Moody’s Investors branded that continued revenue decline a “credit negative” for the State of Illinois, which has a bond rating a Baa3/negative. That’s because state sales tax revenue serves as the “backstop” for McPier’s $2.9 billion in bonds, which are primarily bankrolled by tourism taxes, Moody’s said.
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Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
27 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades
April 3, 2026
9 Comments
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
WBEZ and Chicago Sun-Times falsely blame Texas Gov. Abbott for 2020 to 2024 surge in Chicago Latino HIV, AIDS infections – Wirepoints Quickpoint
March 31, 2026
11 Comments
Expect no retraction or apology. This what they do.
Despite the handwriting on the wall Moody’s steadfastly refuses to drop the debt ratings to the junk status that they really are. Moody’s and the politicians…who is worse?
I was on Michigan Ave yesterday. I would say 60% of the stores are boarded up. `I suspect many of that 60% will never come back.
What are they talking about!? I’ll bet that at this point you can’t get a hotel room anywhere near North Michigan Ave during this years Christmas shopping season. People are just lining up to hand their money to any BLM’r that politely requests it.