Houston Matters

How Realistic is Solving Houston’s Pension Problem with Oil Prices So Low?

The problem is well-documented by now. The City of Houston has growing and unfunded pension obligations to meet but is limited by state control and a revenue cap. Back in September, the Houston-based nonprofit Laura and John Arnold Foundation laid out this challenge facing the city in a report entitled “Swamped: How Pension Debt is […]

Photo: Michael Hagerty, Houston Public MediaThe problem is well-documented by now. The City of Houston has growing and unfunded pension obligations to meet but is limited by state control and a revenue cap. Back in September, the Houston-based nonprofit Laura and John Arnold Foundation laid out this challenge facing the city in a report entitled “Swamped: How Pension Debt is Sinking the Bayou City.”

We bring together the foundation’s Josh McGee, UH Economic Professor Steven Craig, and Houston Controller Chris Brown to discuss what options exist to address Houston’s pension challenges.

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