In June 2015, unfunded pension liabilities for Texas’ state and local retirement systems grew to almost $57.5 billion, totaling more than $42,000 owed per active member. From May 2014 to June 2015, unfunded pension liabilities have increased by more than $4.3 billion.
Economy
Texas DOGE Bill Heads to the Governor’s Desk
A new bill aimed at streamlining state agency rules and regulations has received approval from both chambers and is headed to the governor’s desk for signing. Among other things, Senate Bill 14 will create the Texas Regulatory Efficiency Office (TREO) “to provide critical assistance and direction in identifying rules that are no longer necessary or...
April 22, 2025