Tag Archives: pension obligation bonds

Firefighter settlement officially approved

Posted on May 28, 2024 by Charles Kuffner

The legalities are mostly over, but there are still a bunch of items to handle. A state district court judge has signed off on a settlement between the city of Houston and the firefighter union, clearing one obstacle for a … Continue reading →

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What could it have cost for the firefighters?

Posted on May 7, 2024 by Charles Kuffner

City Controller Chris Hollins throws out some numbers and kicks up a fuss. Houston Controller Chris Hollins faced fierce criticism from firefighters union president Marty Lancton, after estimating that equalizing past pay for Houston firefighters with their peers in other … Continue reading →

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Controller Hollins puts firefighter settlement tab at up to $1.3 billion

Posted on March 28, 2024 by Charles Kuffner

That’s once you factor in interest payments over the life of the bonds that will be issued to cover this. Houston Mayor John Whitmire’s proposed settlement with the firefighters union could cost significantly more than previously advertised, City Controller Chris … Continue reading →

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We return to the question of “how will we pay for the firefighter agreement” question

Posted on March 22, 2024 by Charles Kuffner

Gonna keep asking it until we get a full answer. Mayor John Whitmire’s administration is weighing all options, including hiking the city’s property tax rate and charging residents a garbage collection fee, to help pay for its landmark settlement with … Continue reading →

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We’ll see what City Council makes of the firefighter pay agreement

Posted on March 20, 2024 by Charles Kuffner

There’s a bit of pushback happening. Mayor John Whitmire’s administration and officials from the Houston firefighters union are hoping to get final approval in May or June on a massive settlement deal to end their nearly decade-long contract stalemate. The … Continue reading →

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Price tag for firefighter back pay revealed

Posted on March 16, 2024 by Charles Kuffner

From the inbox: Mayor John Whitmire and the Houston Professional Fire Fighters Association announced today a historic deal to end an eight-year impasse. The $650 million settlement to finally resolve the city’s looming liability addresses longstanding pay issues dating back … Continue reading →

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Firefighter back pay update

Posted on March 1, 2024 by Charles Kuffner

Just tell me what the bill’s gonna be. The city of Houston and its firefighters are nearing an agreement to resolve their bitter, yearslong pay dispute, with specifics expected to take additional weeks or months to finalize, according to city … Continue reading →

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Mayor Whitmire working with the firefighters

Posted on February 3, 2024 by Charles Kuffner

We’ll see what we get. In another step toward settling its years-long conflict with the city, the firefighters union met with Mayor John Whitmire’s administration [last] Friday morning to discuss the city’s first proposal for raises and back pay, with … Continue reading →

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Pension reform had the desired effect

Posted on February 3, 2023 by Charles Kuffner

It’s a good thing Houston got this done when it did. We couldn’t get it done earlier, and I don’t think we could get it done now. Now, nearly six years after Mayor Sylvester Turner shepherded a package of reforms through the … Continue reading →

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Appeals court affirms pension bond lawsuit

Posted on May 26, 2019 by Charles Kuffner

Hope this is now over. The Texas 1st Court of Appeals has struck down an appeal from a Houston businessman who contested the city’s 2017 pension bond referendum, appearing to end the legal challenge that began almost a year and … Continue reading →

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Pension bond lawsuit dismissed

Posted on July 6, 2018 by Charles Kuffner

This hit my inbox late in the day on July 3. The City of Houston is pleased that a court challenge to the 2017 election on the City’s pension bonds has been decided in its favor. Today, State District Judge … Continue reading →

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Council approves Mayor’s budget

Posted on June 1, 2018 by Charles Kuffner

The annual ritual is observed. Houston City Council adopted Mayor Sylvester Turner’s $4.9 billion budget by a vote of 13-4 Wednesday, ending three hours of otherwise amiable debate with an impassioned speech from Councilman Jack Christie that concluded with the … Continue reading →

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Precinct analysis: Two facts about 2017 turnout

Posted on December 30, 2017 by Charles Kuffner

As always after an election, I received an early copy of the canvass report, which tells me how the vote went in each individual precinct. Unlike other years, I didn’t have a clear direction for what to do with it, … Continue reading →

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Pension bond sales proceed

Posted on December 23, 2017 by Charles Kuffner

But it was close, which both boggles my mind and annoys the ever-loving crap out of me. The City of Houston can move forward with its plan to sell $1 billion in bonds on Friday as part of Mayor Sylvester … Continue reading →

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Inevitable lawsuit over pension bond ballot language filed

Posted on December 19, 2017 by Charles Kuffner

Like night follows day, like flies garbage. Mayor Sylvester Turner misled voters into approving a $1 billion pension bond referendum last month, a new lawsuit alleges, claiming that city officials plan to use the bonds’ passage to sidestep a voter-approved … Continue reading →

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My thoughts following the 2017 election

Posted on November 9, 2017 by Charles Kuffner

1. Turnout in Houston was considerably higher than anyone predicted. Adding in Fort Bend to Harris yields 101,178 voters. Harris County had 149,730. The Houston share of Harris County was 66.43%, which is lower than I expected as well. 2. … Continue reading →

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2017 results: City bonds

Posted on November 8, 2017 by Charles Kuffner

Pension obligation bonds pass easily. Houston voters passed a $1 billion pension bond referendum by a wide margin late Tuesday, securing Mayor Sylvester Turner’s landmark reform package and, the mayor hopes, marking the beginning of the end of a 16-year … Continue reading →

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Election Day 2017

Posted on November 7, 2017 by Charles Kuffner

It’s time to vote if you haven’t already. Not many people have, as we know. Harris County turnout is expected to remain feeble through Election Day, with no marquee race to draw voters to the polls and thousands still displaced … Continue reading →

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2017 EV daily report: Day 8, and one more look at a way to guess turnout

Posted on November 1, 2017 by Charles Kuffner

Here are the numbers through Monday. Now that we are in the second week of early voting, when the hours each day are 7 to 7, these reports arrive in my inbox later in the evening. Here are the daily … Continue reading →

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Early voting for November 2017 begins today

Posted on October 23, 2017 by Charles Kuffner

From the inbox: “The best option to vote in the upcoming Nov. 7 election is during the early voting period,” advised Harris County Clerk Stan Stanart. Early Voting for the November 7, 2017 General and Special Elections begins Monday, October … Continue reading →

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Endorsement watch: Don’t forget the city bonds

Posted on October 23, 2017 by Charles Kuffner

The Chron circles back to where they started this endorsement season. The spotlight of public attention has focused on the billion dollar pension bond referendum, Proposition A, whose passage is absolutely critical to Houston’s financial future. But if you’re a … Continue reading →

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Endorsement watch: The bonds

Posted on October 11, 2017 by Charles Kuffner

Endorsement season has officially begun. The key referendum, Proposition A, is a solution to Houston’s potentially disastrous pension problem. A complex deal ushered through the Texas Legislature by Mayor Sylvester Turner would reduce the $8.2 billion unfunded pension burden now … Continue reading →

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Lift Up Houston

Posted on October 10, 2017 by Charles Kuffner

Hey, you know there are bonds on the ballot, right? And Mayor Turner would like you to vote for them. Mayor Sylvester Turner spent much of his first year and a half keeping the civic conversation focused on winning legislative … Continue reading →

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No charter amendments on the fall ballot

Posted on August 22, 2017 by Charles Kuffner

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 … Continue reading →

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More on the firefighters’ pay parity proposal

Posted on July 19, 2017 by Charles Kuffner

Here’s that full Chron story I mentioned yesterday: Houston firefighters delivered over 32,000 signatures to City Hall on Monday in support of asking voters in November to mandate parity in pay between firefighter and police officer ranks, a maneuver that … Continue reading →

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Mayor will take revenue cap referendum off the 2017 ballot

Posted on July 7, 2017 by Charles Kuffner

Not gonna lie, I’m disappointed by this. Mayor Sylvester Turner abruptly reversed course Wednesday on his plan to ask voters to repeal Houston’s revenue cap this fall, saying it now is “unlikely” he will ask for its removal. The politically … Continue reading →

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Bonds on the ballot

Posted on June 29, 2017 by Charles Kuffner

Mayor Turner has one more item to deal with this November. Mayor Sylvester Turner is poised ask voters to approve bonds this fall to fund improvements to city parks, community centers, fire stations and health clinics, adding hundreds of millions … Continue reading →

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Do we really have to have a pension bond vote?

Posted on June 9, 2017 by Charles Kuffner

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 … Continue reading →

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On to the revenue cap

Posted on May 28, 2017 by Charles Kuffner

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 … Continue reading →

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Houston pension reform bill passes

Posted on May 25, 2017 by Charles Kuffner

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 … Continue reading →

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Mayor Turner’s second budget

Posted on May 11, 2017 by Charles Kuffner

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 … Continue reading →

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Revenue cap will be on the November ballot

Posted on May 6, 2017 by Charles Kuffner

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 … Continue reading →

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Senate passes pension reform bill

Posted on May 2, 2017 by Charles Kuffner

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 … Continue reading →

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Pension reform bill passes House committee

Posted on April 7, 2017 by Charles Kuffner

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 … Continue reading →

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