1 Mayor + 1 Pension System = Bankrupt City? The 3 Numbers at play.

Which mayor is tying pensions to bankruptcy? Dallas Mayor

Where was this link made? State Pension Review Board meeting Thursday

What numbers are at play?

• Police and Fire Pension System says it needs a city buy-in of $1.1 billion
• The Mayor says that would require a 130% increase in property taxes to increase city revenue to pay for the pension plan
• In 6 weeks this August and September, plan members withdrew $220 million from the pension system in DROP payments.

Dallas Morning News  | Mayor Mike Rawlings tells state board pension crisis could help bankrupt Dallas