CHICAGO — Democratic Gov. J.B. Pritzker’s reelection-year budget proposal on Wednesday will dangle the prospect of delivering relief on food, gasoline and property taxes to Illinois voters in a spending plan buoyed by an improved state financial outlook and federal coronavirus relief. Despite recent credit upgrades and higher-than-expected revenue, however, Illinois still faces massive pension debts and other long-term fiscal challenges. And rising inflation and turmoil in the stock market raise the possibility of stronger economic headwinds ahead as the federal government eases off the stimul…
