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Leading Off (5/21/14)

Dallas Legislative Race Expensive, Nasty: The runoff battle for House District 108 between Republicans Morgan Meyer and Chart Westcott has already cost more than $2 million, but the bitter tone of the campaign is now waging a personal toll. Yesterday, in the latest twist, Kevin M. Curley II quit in protest as chairman of a PAC that supported Westcott after the campaign sent an anti-Meyer flyer which included “a fake Meyer mug shot, a bottle of liquor and a roadway with a streak of blood.” Could an Expensive Special Benefit Plan Bring Down Dallas Police-Fire Pension Fund? The Deferred Retirement Option Plan, or DROP, sounds like a pretty sweet deal. When a cop or firefighter hits retirement age, he or she can start collecting pension benefits while still earning a full salary. The pension is invested in a special account that earns 8-10 percent interest a year. The problem is, while intended as an incentive to keep experienced veterans on the job, DROP costs the pension fund more than $100 million a year. Pension fund officials told the Dallas city council yesterday that those costs have out-paced low interest rates and the fund’s under-performing real estate investments. Allen Faces $600K to $1 Million in Repairs for Eagle Stadium: The $60 million dollar high school football stadium deemed “not safe” faces upwards of $1 million in repairs. Fans are bracing themselves for a season played on the road in Plano. Man Missing at White Rock Lake: Dallas Fire-Rescue crews still haven’t located the body of a man who was seen jumping into White Rock Lake yesterday afternoon. Witnesses say the man struggled to tread water before going under and not coming up about 40 yards from the shoreline. No, He’s Not Johnny Manziel, But Dallas QB Pick Still From A&M, Has Sideshow Appeal: TMZ doesn’t care about Dustin Vaughan, the Cowboys' undrafted QB signing from West Texas A&M. But Vaughan, described as a “gym rat,” does have a workout parody video that has drummed up a few hundred thousand views on YouTube.
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Dallas Legislative Race Expensive, Nasty: The runoff battle for House District 108 between Republicans Morgan Meyer and Chart Westcott has already cost more than $2 million, but the bitter tone of the campaign is now waging a personal toll. Yesterday, in the latest twist, Kevin M. Curley II quit in protest as chairman of a PAC that supported Westcott after the campaign sent an anti-Meyer flyer which included “a fake Meyer mug shot, a bottle of liquor and a roadway with a streak of blood.”

Could an Expensive Special Benefit Plan Bring Down Dallas Police-Fire Pension Fund? The Deferred Retirement Option Plan, or DROP, sounds like a pretty sweet deal. When a cop or firefighter hits retirement age, he or she can start collecting pension benefits while still earning a full salary. The pension is invested in a special account that earns 8-10 percent interest a year. The problem is, while intended as an incentive to keep experienced veterans on the job, DROP costs the pension fund more than $100 million a year. Pension fund officials told the Dallas city council yesterday that those costs have out-paced low interest rates and the fund’s under-performing real estate investments.

Allen Faces $600K to $1 Million in Repairs for Eagle Stadium: The $60 million dollar high school football stadium deemed “not safe” faces upwards of $1 million in repairs. Fans are bracing themselves for a season played on the road in Plano.

Man Missing at White Rock Lake: Dallas Fire-Rescue crews still haven’t located the body of a man who was seen jumping into White Rock Lake yesterday afternoon. Witnesses say the man struggled to tread water before going under and not coming up about 40 yards from the shoreline.

No, He’s Not Johnny Manziel, But Dallas QB Pick Still From A&M, Has Sideshow Appeal: TMZ doesn’t care about Dustin Vaughan, the Cowboys’ undrafted QB signing from West Texas A&M. But Vaughan, described as a “gym rat,” does have a workout parody video that has drummed up a few hundred thousand views on YouTube.

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