Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 2904 authorizes certain counties with populations over 800,000 to issue bonds or other financial obligations to address unfunded liabilities in public retirement systems. Counties must enter agreements with the governing body of the retirement system before issuing obligations. These bonds must be approved by voters and cannot be repaid using property tax revenue, but counties may pledge sales tax revenue for up to 30 years to secure repayment​.
Author
Borris Miles
Contact the Author
Sen. Borris Miles
Capitol Phone:
(512) 463-0113
Capitol Office:
CAP 3E.12
E-Mail:
