In the first of a series of papers examining trends in Texas government, the Foundation looks at the growth of state government spending over the past two decades and compares it to how state spending might have looked had it been limited to the growth of population plus inflation.
Taxes & Spending
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...
July 16, 2024