The Teacher Retirement System (TRS) of Texas is a defined-benefit pension system that provides more than 1.5 million Texans a payout in retirement. TRS is six times larger than the next public pension plan in Texas. Texas must secure teachers’ retirement by ensuring TRS is actuarially sound, but, more importantly, by giving teachers control over their livelihood through structural reforms to TRS.
Which Local Governments Want to Borrow Big this May?
On May 4, 2024, voters across Texas will go to the polls to say YEA or NAY to billions in new debt put forward by various local governmental entities. Most, if not all, of these bond proposals will put some upward pressure on people’s tax bills, so it’s important that voters keep alert as to...