AUSTIN –The Texas Public Policy Foundation’s Center for Local Governance Director James Quintero issued the following statement on Governor Greg Abbott’s 2018-19 Budget, which calls for getting state government “out of the business of micromanaging local pension decisions while unequivocally making clear that statewide taxpayers will not be on the hook to bailout local pensions.”
“Governor Abbott correctly identified a major stumbling block to securing Texas’ local pension plans: state government,” said Quintero. “Over the years, more than one dozen local retirement systems have lobbied the legislature to codify parts of their pension plans in state law. By letting these systems establish themselves in statute, the legislature has unwittingly become a barrier to reform, at least to those without the right political connections in Austin. As the governor noted today, it’s time to get state government out of the way and restore local control of local retirement systems.”
To schedule and interview with Mr. Quintero, please contact Caroline Espinosa at [email protected] or (512) 472-2700.