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September 18, 2014, 4:47 pm
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Houston: Dedicated Revenue Stream Needed to Shore Up Public Safety Pensions


As Mayor Mike Houston was announcing his re-election bid, he also dropped another bombshell Monday.

 

In a live interview on the 970 WMAY News Feed, Houston said the recent state Supreme Court ruling on retiree health benefits could derail legislative efforts to solve the growing crisis in local police and fire pensions.

 

And as a result, Houston says it may be necessary for the city to seek a dedicated source of revenue to shore up those funds… which are hundreds of millions of dollars in the red.

 

Houston did not speculate on where that revenue might come from… and says nothing is likely to happen until current pension cases make their way through the court system.

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