Wirepoints’ Mark Glennon on AM560’s Morning Answer
April 22, 2026
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Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
“If luxury property values keep dropping, soon there will be no $1 million properties being sold, so the Mansion Tax threshold may have to be lowered,” Jim Kinney, former president of Illinois REALTORS, surmised. Kinney also believes the next Chicago housing crisis will come in the ongoing battle over rent controlin the Illinois General Assembly.
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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
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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.
Just wait until all the large corporations start to leave. No jobs usually leads to falling property values.
Chicagoans will love it!
“A buyer either pays the tax in the city or moves to a North Shore suburb where there is no Mansion Tax and the schools are infinitely better.”
I don’t know why the wealthy aren’t making that choice already. Lower taxes, safer neighborhoods and better schools are worth the tradeoff of a longer commute.
When IL Dems roll out their wealth tax, the rich will head to Florida