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.
-- 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
In Illinois you pay for your house twice. Once for the mortgage and once for property taxes.
“Illinois Property Taxes Among Highest in Nation – Civic Federation”
Really? Why, you must be kidding. I’m shocked. When did this start happening?
Another relevant metric by which to measure the stunningly high property taxes in Illinois: property tax as a percentage of household income. In Woodstock Illinois the 3.6% property tax rate demands about 10% of household income. All across America, households spend less than 4% of income on property taxes. That extra 6% of household income demanded in Woodstock (primarily due to profligate spending by school district, and vast TIF coverage of commercial real estate in Woodstock) puts families to the choice: choose to keep your house or your family pet. Choose between keeping your house or saving for retirement/college. And… Read more »