Consumers have greatly benefitted from recent efforts to reduce telecommunications taxes. But this testimony shows that the municipal franchise tax on video, voice, electricity, and natural gas services still takes hundreds of millions of dollars a year out of consumers’ pockets.
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...