The dominoes keep falling in the ongoing saga over the Dallas Police and Fire Pension Fund. Late last week, the Dallas Morning News reported on the latest idea to fix the troubled Dallas Police and Fire Pension Fund, and it is a whopper of a proposal.
In short, Dallas City Council member Scott Griggs has drafted a resolution that would take one-eighth of the sales tax Dallas currently contributes to Dallas Area Rapid Transit and use it to shore up the sinking fund. That would generate around $32 million-per-year for the police and fire pension, though it would leave an already financially challenged DART with a big budget gap.
How big?Read More