"Testimony: Franchise Tax Reform Benefits Texans" includes Dr. Vance Ginn's testimony before the House Ways and Means Committee in support of Senate Bill 7, which pertains to the franchise tax.
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...