With the Texas legislature now in session, calls for increased taxes are being sounded by the advocates of numerous programs. Taxes are being proposed on businesses, “the rich,” and other sources. But because all taxes are shared, everyone is negatively affected.
Taxes & Spending
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...
July 16, 2024