Houston Pension Bill – As Passed
As you have probably seen in media accounts, the Legislature has passed a bill making very substantial changes...
City Of Houston Finances
City’s Sales Taxes Drift Lower after Super Bowl
The Texas Comptroller reported today that the City's sales tax receipts for June (based on April sales) were...
Houston Gets Vote on Pension Bonds
As you may have heard, the Texas Senate passed a bill yesterday which makes sweeping changes to the City of...
150 Financial Professionals & Executives Ask Legislature to Include Defined Contribution Plans for New City Employees
In the last few days we have heard more of the same old tired, debunked rhetoric from the Turner administration...
Employees Likely to Face Massive Pension Contribution Increases under Turner Plan
The centerpiece of Turner's pension proposal is its "corridor" mechanism which supposedly caps the amount the City will ever...
Why Not Put New City Employees into Defined Contribution Pension Plans?
According to a recent CNN survey, 96% of private sector employees have a defined contribution pension plan. The private...
Houston Business Community Needs to Take Principled Stand on City’s Pension
I find it incredible that some elements of the Houston business community are still considering endorsing the pension "reform" plan...
Happy New Year from the City of Houston: We’re Insolvent!
It has become standard bill of fare for the City of Houston to hold the release of its annual audit...
City’s New Pension Plan: The Good, the Bad and the Incredible
Turner’s Pension “Plan”: The Good, the Bad and the Incredible Sylvester Turner announced his pension “plan” last week. I put...
City Sales Tax Slide Continues
City Sales Tax Slide Continues The City of Houston got more bad news this week when the Texas Comptroller announced...
Posts range from local to national issues and focus on fact-based analysis, avoiding hyperbole and partisanship. The site is intended to be an open, respectful discussion of the critical issues of our day. Contact Bill directly and let him know what matters to you - weking@weking.net