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.
-- Connecting the dots between our economy, government and business --
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
Illinois taxpayers have guaranteed TRS a certain rate of return. Since TRS missed the rate of return so badly its time for taxpayers to pony up
Illinois taxpayers have done no such thing. They have guaranteed full payment of their pensions regardless of returns. If the pension fund runs dry the taxpayers guarantee that pension payments will be received. Rate of return is meaningless to pensioners and only matters to taxpayers.
they have done nothing.
They do not want to teach but they want a raise.
Nothing but a illegal Ponzi Scheme.
Tax payers will pick up the bill.