Over the course of several decades, more than one dozen local retirement systems have successfully petitioned the Legislature to establish some or all of their pension plans in state law. Commonly codified plan elements include: contribution rates, benefit levels, and board composition. By securing their provisions in state law, this select group of state-governed systems has erected a major obstacle to community-driven reform and effectively cemented a series of unsustainable practices.
How One Texas Neighborhood Seceded From The Democrat-Run City Hall Ruining Their Lives
The Lost Creek neighborhood in Austin, Texas, is charting a way for communities to band together and break up with abusive city governments. It’s not often that a low-key municipal election makes international news, but one recent contest in an affluent Austin suburb has people excited about its result — and its potential implications for...