Empower Texas Faults Pension Liabilities as Cause of City Debt

After naming Dallas the highest debt incurring city in Texas, Empower Texas also says the reason for high debt is pension systems. 

Empower Texas calls on future pension liabilities to be included on Dallas’ balance sheet.

It also calls pensions:

• costly for taxpayers
• risky for government workers
• links pension systems to local government bankruptcy

Empower Texas | Dallas Leads Texas Cities in “Hidden” Debt