Comment on Pritzker's budget, pension plans could irritate bond markets

Pritzker's budget, pension plans could irritate bond markets

SPRINGFIELD – Gov. J.B. Pritzker offered an ambitious plan to lawmakers this week to pay down the state’s backlog of unpaid bills, slow down payments into the state’s troubled pension systems while at the same time asking them to put together an ambitious, multi-billion-dollar plan to repair the state’s crumbling roads, bridges, airports and college buildings. But in order to accomplish that, the state would need to borrow money, a lot of money.

 

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