Turner says Houston will put pension bond vote on ballot
HOUSTON – Houston Mayor Sylvester Turner said Thursday the city will move forward will placing a measure on the November ballot aimed at approving bonds to cover the city’s pension obligation.
The vote is the next step required by Turner’s plan, which he says will reform the city’s pension program for municipal workers, police officers and firefighters.
Turner’s announcement via Twitter comes about a week after Gov. Greg Abbott signed a heavily debated bill into law that encompasses the mayor’s plan.
The City will proceed with a vote on #pension obligation bonds in November which is needed for the pension reforms. st— Sylvester Turner (@SylvesterTurner) June 8, 2017
Officials at the Houston Firefighters’ Relief and Retirement Fund said they filed a lawsuit that challenges the constitutionality of the law.
Without an injunction, Abbott’s signature means the law will become effective July 1.
Stay with KPRC 2 and Click2Houston.com for the latest on this developing story.
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