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Re: DG!!!!! Dallas "Pension Fund Panic" As Mayor Warns Of 130% Property Tax Hike To Avoid Collapse 

By: DGpeddler in POPE IV | Recommend this post (1)
Tue, 08 Nov 16 12:40 AM | 40 view(s)
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Msg. 13488 of 47202
(This msg. is a reply to 13471 by micro1)

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DG!!!!! Dallas "Pension Fund Panic" As Mayor Warns Of 130% Property Tax Hike To Avoid Collapse
By: micro1
in POPE IV
Mon, 07 Nov 16 10:43 AM
Msg. 13471 of 47202

"This is much like a Bernie Madoff scheme, if you ask me," said Dallas mayor Miek Rawling discussing the collapse of the local Dallas Police and Fire Pension Fund. The Dallas pension board wants the city to contribute $1.1. billion in 2018, but to do that, they would have to increase the property tax rate by 130%.

http://www.zerohedge.com/news/2016-11-06/dallas-pension-fund-panic-mayor-warns-130-property-tax-hike-avoid-collapse


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