Over the course of several decades, more than one dozen local retirement systems have successfully petitioned the Legislature to establish some or all of their pension plans in state law. Commonly codified plan elements include: contribution rates, benefit levels, and board composition. By securing their provisions in state law, this select group of state-governed systems has erected a major obstacle to community-driven reform and effectively cemented a series of unsustainable practices.
A Housing Harbinger
The following commentary is published on Thursdays as part of TPPF’s subscriber-only newsletter The Post. If you would like to subscribe to The Post, click here. Housing affordability in Texas is reaching a crisis, if it’s not already here. In a new TPPF/WPAi poll, 83% of Texans say there is currently an affordability crisis in the...