Wednesday’s Dallas City Council briefing is chockfull of the sort of bad news and head-numbingly dense financial talk that makes you wonder why anyone would voluntarily serve in municipal government. They’ll discuss the city’s bond ratings. Those determine how much the city must pay for debt service, and one was recently downgraded.
While Dallas still rates as “high quality,” all of big three agencies cite unfunded pension liabilities as a major concern in the city’s future. Just how unfunded?Read More