In Houston alone, city-employee pension plans are facing an unfunded liability of $2.4 billion. But too many taxpayers aren’t given the information they need to make informed decisions when they vote debt issues. Recently I spent several months holding about 40 town-hall meetings with Texans ...
who worked at the Texas Commission for the Blind for 17 years, reported theTexas Tribune. “We were promised when I went to work: Yes, our salaries are low, but you’d have good benefits and good retirement.”