Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
2 Comments
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
“In the short term, the (PT bill) pain to come for Chicago homeowners …” That phrase should be quite familiar to Chicago homeowners by now.
I saw this coming during the pandemic. At the time, I was near the end of a 30-year career as a real state appraiser. I have a few friends with quite a bit of rental property, and I told them: Sell now. Everything is going to Scheiß. They responded: I’ll get killed on capital gains. I answered, you’re going to pay eventually. Now’s a good time to sell. Rates are cheap and demand is high. Now I’m retired in Spain and they’re all bitching.
I know residential owners in Chicago who wouldn’t move out of the city even if their six-month PT bills averaged double-digit increases. Hard to figure that one out, especially considering the high violent crime rate.
Wait there is more news, raising taxes also taxes away equity in your house. This is a double whammy.
There is never any talk of budget cuts. Just more tax increases.
Hmm…..perhaps the Treasurers office will include a tube of lube with the bill!
After reading, I think this Chicago home owner need to check into one of Brando’s new ‘community metal health centers’….that or just go buy some more pot from my neighbor!!…………….so depressing