In June 2015, unfunded pension liabilities for Texas’ state and local retirement systems grew to almost $57.5 billion, totaling more than $42,000 owed per active member. From May 2014 to June 2015, unfunded pension liabilities have increased by more than $4.3 billion.
Taxes & Spending
Just the Facts: Local Government Spending
Despite billions in property tax relief provided by recent state legislatures, Texans’ property tax bills continue to increase due to unrestricted spending at the local level. Key points: City and county government spending continues to outstrip increases in both population and inflation. While the state government has constitutional and statutory spending limits, local governments do...
August 10, 2026