Public pension costs represent a significant portion of city and county government spending. As public pension costs rise, the risk increases for taxpayers and beneficiaries alike. Transferring control of these plans to local voters is a good first step toward more sustainable pensions statewide.
The Texas Legislature Takes the Field
Teamwork in action—that’s what we saw when Tyler, Texas-born Kansas City Chiefs quarterback Patrick Mahomes took the field last week in the AFC playoffs—for the second half. An ankle sprain in the first half had the press corps all but dismissing the Mahomes’ chances. But Mahomes, a Texas Tech grad, adapted his playbook for the...