Chicago Sun-Times: Pritzker’s budget and pension plans could irritate bond markets

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 to accomplish that, the state would need to borrow a lot of money. And there are significant questions about how the financial markets would respond to that.

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