Democrat leadership in Houston had almost 16 years to correct a problem that’s growing and growing with their municipal workers pension plan. In Typical Democrat fashion, the problem belongs to the unions, not leadership, base on the assertion, unions agreed to this course of action.
Three Democrat mayors, Lee P. Brown(6 years), Bill White(6 years) and now, Annise Parker(almost 4 years) have always negotiated with unions in bad faith, agreeing to terms, they would never fulfill. All three were hoping to escape the inevitable collapse of the city’s financial structure by passing it on to successors. Brown and White succeeded, but will Parker escape this doom?
‘There has not been sufficient money set aside to pay for those pensions,’ Elena Farah, a Senior Fellow for Public Financial Sustainability at the University of Houston's Hobby Center for Public Policy.
Like Detroit, Houston’s faith is doomed by suburban flight, inner city crime and a public school system that’s becoming a joke. That flight also has a lot to do with jobs, taxes and commutes, with commuting being the biggest.
Jobs are also participating with that suburban flight, moving out of Houston, pass the Beltway for less taxes, better communities and a manageable commute. Houston is no longer Exxon Mobil’s corporate headquarters. The company is building a huge complex in the The Woodlands, creating thousands of jobs, while retaining thousands of jobs, which means, more and more people will commit to the suburban flight, following the jobs.
Under Parker’s watch, there has been tax increases, extra fees for this or that, hefty pay raises for her staff and a complete lack of concern for municipal workers pension funding. There has also been a quite, but firm push at re-gentrification within inner city neighborhoods, but the property tax revenue isn’t there. Renters don’t pay property taxes.
The nail in the coffin for Parker is the sanctuary status of the city, which allows illegal activity through illegal immigration and as we all know, crime, or criminals, don’t pay, at least property taxes.
If re-elected, she won’t escape the impending bankruptcy. After 16 years of ignoring municipal workers pension plans, that bubble will burst loudly, and end all of Parker’s future political aspirations.