The Texas budget has been the key issue this legislative session. It is important to trim the budget, but it is just as important to clearly show where money is going and for what purpose it will be used. House Bill 2804 addresses these concerns.
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...