This letter explains concerns shared by the Texas Public Policy Foundation, Texas Eagle Forum, Free Market Foundation, Texans for Fiscal Responsibility, and Americans for Prosperity-Texas on several transportation tax proposals pending before the Texas House.
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...