TPPF Statement on New Moody’s Report on Texas’ Public Pension Problems
The Texas Public Policy Foundation’s Center for Local Governance Director James Quintero issued the following statement on the new report released by Moody’s Investor Services suggesting that unfunded pension liabilities in Austin, Dallas, Houston, and San Antonio have grown to a collective $22.6 billion. The report states, “Rapid growth in unfunded pension liabilities over the past 10 years has transformed local governments’ balance sheet burdens to historically high levels.”
Press Release December 6, 2016