"Testimony: Texans Benefit from Franchise Tax Cuts" includes Center for Fiscal Policy Economist Dr. Vance Ginn's testimony before the Senate Finance Committee in support of House Bill 32.
Without True Local Control, Pension Problems Spiral
The 45th Legislature established the Texas Local Fire Fighters Retirement Act (TLFFRA) in 1937 to create local retirement systems for the benefit of full-time, part-time, and volunteer firefighters in participating cities. At the time, lawmakers intended to create a general governance structure while still “leav[ing] administration, plan design, contributions, and specific investments to each system’s...