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Posts Tagged ‘pension’

No charter amendments on the fall ballot

Just bonds, school board and HCC races, and the mostly boring constitutional amendments. Oh, and Heights Alcohol 2.0, if you live there. Houston voters will face $1.5 billion in city bonds and nine community college or school board races this November, but will not be asked whether to give firefighters a pay raise or change […]

Firefighters complain about petition counting process

Oh, good Lord. Houston firefighters are accusing Mayor Sylvester Turner of standing between them and a voter-approved pay raise by failing to ensure a petition they submitted last month is certified in time to appear on the November ballot. Turner rejected any suggestion that he has involved himself in the City Secretary’s effort to verify […]

Do we really have to have a pension bond vote?

So as we know, the Houston pension reform bill that passed contains a provision that requires a vote on the pension obligation bonds that Mayor Turner intends to float as a down payment. Pension obligation bonds have been floated in the past, by Mayor White, without a vote, but for whatever the reason some members […]

Firefighters sue over pension reform law

I suppose this was inevitable. Houston’s firefighters pension fund has sued Mayor Sylvester Turner and numerous city officials over the pension reform plan Gov. Greg Abbott signed into law Wednesday, putting up another potential hurdle in Houston’s efforts to solve a 16-year fiscal crisis. The Houston Firefighters Relief and Retirement Fund argues in the lawsuit […]

On to the revenue cap

With one major accomplishment (basically) finished, Mayor Turner moves on to the next major challenge facing him. “This is the most consequential campaign of the mayor’s career,” University of Houston political scientist Brandon Rottinghaus said. “These things are more complicated and more politically fraught than either his mayoral campaign or the lobbying to get the […]

Houston pension reform bill passes

It’s done. The Texas House on Wednesday approved the controversial Senate version of a bill that aims to overhaul Houston’s failing pension funds — over the passionate objections of current and former firefighters. Senate Bill 2190, which passed in a 103-43 vote, now heads to Gov. Greg Abbott’s desk. But the months of rancor between […]

House and Senate concur on pension bill

One more vote in each chamber, then it’s on to get a signature. The Legislature is expected to take its final votes on Houston’s pension reform legislation within days after a group of House and Senate lawmakers Sunday night hashed out the differences between their chambers’ versions and produced a final bill. Stripped from the […]

Bill King wants you to lower his property taxes

That’s not what he says in this op-ed, but it is the effect of what he’s arguing for, even if he’s not honest enough to come out and say it. Let’s start with the basic point that despite King’s disingenuous attempt to rebrand it, what the city has is indeed a revenue cap and not […]

Senate rejects House changes to Houston pension reform bill

Conference committee, here we come. The Texas Senate on Wednesday refused to concur with House-passed amendments to a reform bill designed to resolve financial problems for Houston’s pension system. Sen. Joan Huffman, a Houston Republican who is the author of the legislation, said the House changes would be too costly and would derail a tentative […]

Mayor Turner’s second budget

It’s about what you’d expect. With pension reform in sight, Mayor Sylvester Turner on Tuesday proposed a combination of departmental cuts, one-time fixes, deferred payments and a dip into city reserves to close next year’s $123 million budget gap. Turner aims to erase the deficit with $51 million in spending cuts – largely from police […]

House passes pension reform bill

One step closer, though there are still issues to be worked out. The Texas House gave early approval Monday to a bill that would reform Houston’s three problematic pension funds, which have caused financial woes and spurred political battles for years. The 112-28 vote for Senate Bill 2190 came after lawmakers made some key changes […]

Revenue cap will be on the November ballot

Here it comes, assuming the pension reform bill doesn’t get mugged in a dark alley. Mayor Sylvester Turner plans to ask voters to lift Houston’s cap on property tax collections in November, a move that could loosen one of the city’s primary fiscal constraints as it confronts still-hefty pension and debt costs that leave little […]

Senate passes pension reform bill

Progress. Houston’s pension reform package passed the Texas Senate by a 25-5 margin Monday, as a possible political blockade dissolved to provide the landmark proposal a speedy passage. Mayor Sylvester Turner’s reforms now await a hearing in the state House on Saturday. “I believe this current version is our best chance at significant pension reform […]

Pension reform bill passes House committee

Two for two. Houston’s pension reform bill will now move to the floor of each legislative chamber after a Texas House committee joined its Senate counterparts in passing the measure 6-1 Wednesday. With Rep. Roberto Alonzo, D-Dallas, opposed, the pensions committee adopted House Bill 43, which will now head to a scheduling committee to be […]

Firefighters will oppose pension reform bill

So it goes. Hopes that Houston’s firefighter pension board might agree to a compromise set of benefit reforms and end their opposition to Mayor Sylvester Turner’s landmark reform package proved too optimistic, after the two sides passed a Thursday deadline without a deal. It remains unclear what effect counting the firefighters as confirmed foes will […]

Busy day in the Senate

They got stuff done, I’ll give them that. Whether it was stuff worth doing or not, I’ll leave to you. 1. Senate bill would let Houston voters weigh in on fix to pension crisis. The Senate on Wednesday voted 21-10 to give preliminary approval of a bill that would require voters to sign off before […]

Pension deal takes a step forward

Not quite there yet, but getting close. Houston’s police and municipal pension boards have agreed to a landmark reform package produced over months of intensive negotiations at City Hall, and Mayor Sylvester Turner hopes the firefighters fund will follow suit with a vote Monday. The pending proposal, which puts Houston the closest it has come […]

City deficit not as big as feared

This is a nice surprise. A huge budget deficit looming at City Hall – which has spurred talk of layoffs, service cuts, new fees and higher taxes – has been cut in half, relieving some pressure to scramble together a budget patch but doing little for Houston’s long-term financial health. The unexpected boost of good […]

City exploring new pension for new firefighters?

Maybe. Long concerned about the cost of Houston’s pensions and stymied in her attempts at reform, Mayor Annise Parker is considering a dramatic step to place new firefighters into a separate, less generous pension plan, sources with knowledge of the discussions said. Officials acknowledge the existing Houston Firefighters Relief and Retirement Fund likely would sue […]

City wins access to firefighter pension information

From the Inbox, late Friday afternoon. Mayor Annise Parker today announced Judge William Burke of the 189th District Court of Harris County has mandated the Houston Firefighters’ Relief and Retirement Fund (HFRRF) Board to provide and disclose information requested by the independent actuary retained by the City of Houston. HFRRF has refused to provide data […]