City workers, Jones rally against pension cuts – Chris Moran, Houston Chronicle
The city will pay $243 million into the city’s three public employee pensions this fiscal year. The city’s annual pension bill is projected to rise to $368 million in four years.
Neal Meyer points out that in four years, the pension contribution will be consuming some 40% of property tax revenue.
Let’s hope Mayor 50.2% is talking to some really sharp municipal finance wizards on her junket in Israel!
