Candidate Jones rallies with muni workers; Pension costs ballooning

Image credit: Pixabay

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!

(Old) Forum Comments (4)

About Kevin Whited 4306 Articles
Kevin Whited is co-founder and publisher of blogHOUSTON. Follow him on twitter: @PubliusTX