Posted on · There was a lot of hand-wringing last year when the major investment services downgraded the City of Houstonâs credit rating, citing growing unfunded pension liabilities as a major reason for the move. Well, a year later, Mayor Sylvester Turner has secured an agreement with two of the cityâs three classifications of city workers â municipal […]
Posted on · Houston Mayor Sylvester Turner released a summary of his proposed city budget on Friday.
Posted on · Moody’s Investors Service recently affirmed the City of Houston’s Aa2 credit rating. It’s a good grade, based on a generally robust economy. But Moody’s also changed its outlook for Houston from “stable” to “negative.” Why? The city’s growing pension costs — $3 billion and counting. Houston is hardly the only city in America facing looming pension obligations, […]
Posted on · From Houston’s pension problems affecting the city’s credit rating, to a call to rename Houston’s Dowling Street, to Houston Dash player Carli Lloyd shining during the FIFA Women’s World Cup: we discuss The Good, The Bad and The Ugly of this week’s Houston news. This week’s panel of non-experts is comprised of: Joe Holley, “Native Texan” columnist for […]