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
The exorbitant cost of housing is a national dilemma for all races and ethnicities. Developer set asides and Section 8 probably raise the cost of housing universally. I don’t have the answers, but making housing an investment asset like stocks probably does not help, nor do high taxes and legacy costs such as local pensions and unpaid debts. Also, as lazy-ass Americans have long demonized working with one’s hands, i.e. “manual labor,” workers are disappearing from the trades. What is dishonorable about working with the hands that god gave us? What is dishonorable about being a highly skilled craftsman? Change… Read more »
Lightfoot’s administration may have new ordinance, but it only further discourages developers from initiating new projects in Chicago. Bingo. Kill-off the market-sector altogether! Prospect of new downtown high-rise “luxury” rental apartment project-proposals is severely curtailed for foreseeable future. Yes weak market-interest is partially related to Covid-lockdown. But more significantly, market-interest has dramatically diminished due to acknowledged dramatic uptick in downtown crime-activity and perceived unpleasantness of living downtown, or in Streeterville or River North, River West, etc. No sustained market demand; so no new apartment projects.