Police and fire pension negotiations break down in Dallas and Austin; trust lost on both sides
Mayor Mike Rawlings left Austin last week feeling hopeful that lawmakers would be receptive to his call for tweaks to a rescue bill for the failing Dallas Police and Fire Pension System.
But by the weekend, the mayor's hopes had faded. House Pensions Committee Chairman Dan Flynn, R-Van, rejected Rawlings' suggestions within an hour of the mayor sending them along on Friday, leaving the mayor feeling "bamboozled."
Rawlings said he is "very concerned for taxpayers" because of a provision in the bill that he called "deplorable." The bill would bind the city to paying a minimum amount — which escalates over time — into the pension system every year, no matter how many police officers and firefighters the city employs or what they are paid.
"This is a taxpayer bailout like we've never seen in Dallas," Rawlings said. "So I'm just shocked by the audacity of what it's doing to taxpayers."
Read more: https://www.dallasnews.com/news/news/2017/04/09/police-pension-negotiations-break-dallas-austin-trust-lost-sides
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