Over the years, 13 local retirement systems in seven major metropolitans have successfully lobbied the Legislature to have some or all of their pension plans codified in state law, making pension reform difficult, if not impossible, to realize without first getting legislation passed at the statehouse.
Taxes & Spending
Bigger in Texas: Sizing Up the State’s Finances
Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...
August 2, 2024