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Pension

LM Otero / Associated Press

After months of negotiations, a deal has been reached on fixing the troubled Dallas Police and Fire Pension Fund.

Laura Buckman for The Texas Tribune

The bruising battles over legislative fixes to failing pension systems in Dallas and Houston could eventually evolve into a statewide war over the kind of retirement funds public employees should be offered.

Dallas Officials Say State Lawmakers Share Blame For City's Pension Woes

Apr 19, 2017
Illustration by Todd Wiseman / Vittorio Ferrari

The Texas Legislature doesn’t send any state funds to the beleaguered Dallas or Houston pension systems. But legislators nonetheless find themselves mediating city-level disputes over a collection of bills aimed at shoring up at least $14 billion in the cities’ collective shortfalls.

In Dallas And Houston, Pension Fights Escalating, Sparking Unexpected Debates

Apr 17, 2017
Turner: Bob Daemmrich/Rawlings: Eric Schlagel / The Texas Tribune

Pension leaders and elected officials in Dallas and Houston had one job: Get all parties from each city on the same page about how to shore up multi-billion-dollar retirement fund shortfalls before seeking help from state lawmakers.

Shutterstock

Credit rating agency Moody's has once again downgraded the city of Dallas bond rating. It means the city will pay more interest on new debt. The agency cited, in part, the troubled Dallas Police and Fire Pension Fund. It could go broke in about a decade if changes are not made.

Billions In Pension Shortfalls Threatening Texas Cities' Budgets

Dec 2, 2016
Illustration by Todd Wiseman / Vittorio Ferrari / Texas Tribune

The state’s largest cities face tens of billions of dollars in unfunded liabilities to employee pension funds, a series of separate financial situations that is spurring massive account withdrawals, ongoing lawsuits, mounting political friction and national media attention.

MUSEUM TOWER/SOTHEBY'S INTERNATIONAL REALTY

A vote scheduled to begin Nov. 14 to help rescue the failing Dallas Police and Fire Pension Fund instead has been put on hold after five cops and firefighters filed a lawsuit.

City of Fort Worth

Fort Worth Mayor Betsy Price says it’s time to close the annual $35 million to $50 million budget gap between revenues and expenses.  Price delivered her second “State of the City” address Tuesday.

City of Fort Worth

 

Fort Worth Mayor Betsy Price had a lot of positive things to say during her “State of the City” address.  But she’s also calling Fort Worth citizens to action.