Illinois would spend $41.5 billion over six years to rebuild roads, bridges, sch...
CHICAGO - Illinois would spend $41.5 billion over six years to rebuild roads, bridges, schools and other facilities that have fallen into “dire shape,” under a preliminary plan floated by Governor J.B. Pritzker on Friday.
A huge $133.5 billion unfunded pension liability and chronic structural budget deficits have helped push Illinois’ credit ratings down to a notch or two above the junk level. Jordan Abudayyeh, Pritzker’s spokeswoman, said the administration is working on a preliminary draft of a comprehensive capital plan that included input from Democratic and Republican lawmakers and that would “finally fix our crumbling infrastructure.”
Steve Brown, a spokesman for Democratic House Speaker Michael Madigan, said the plan is “a good step forward.”
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