Dallas officials say state lawmakers share blame for city’s pension woes
APRIL 19, 2017
AThe 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.
Under a practice that dates back to at least the Great Depression, state law dictates a lot of the financing, governance and benefits of dozens of local pension funds. Some say it’s a good use of checks of balances. Others say it’s another example of the state controlling local matters and dictating how a city’s money must be spent.