How can taxpayers be confident their tax dollars are being spent wisely on public programs? How does the Legislature know whether or not an agency or program is benefittingthe public more than it is costing them? Answering these questions is not as simple as it may seem.
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