The proposed “Solution” to repair Houston’s failing pension system includes a plan to issue $1 Billion of Pension Obligation Bonds (POBs).
Some observations on the current proposal to solve the City of Houston's employee pension plan debacle
Mayor Turner started to publically discuss some of his plans to fix Houston’s pension system at the Texas House Pension Committee meeting a few days ago.
What hasn’t been made clear is the fact that the City still has a huge pension obligation hole to fill.
By now you’ve probably heard about the problems that surfaced during the contractor bidding process for the terminal redevelopment work at IAH.
Houston Mayor Sylvester Turner released a list of the members of his Transition Team 10 days ago, on Friday, January 22nd.