City of Fort Worth
Locally, the big news is a favorable vote on City of Fort Worth employee pension plan!  Nearly 60% of employees voted in favor of the proposed plan to keep the pension fund afloat. This approval avoids sending the issue to the Texas Legislature for resolution.

Fort Worth Mayor Betsy Price tweeted Monday, “I am thrilled to announce @CityofFortWorth pension results are in and our employees overwhelmingly voted in favor. Fort Worth successfully solved this locally.”

Article: Fort Worth pension fund saved by vote in support of new plan

 

The 86th Texas Legislature
More than 4,000 bills and resolutions have been filed so far and that number will continue to grow until the filing deadline of Friday, March 8th.

Property tax reform and school finance reform continue to be the main topics of conversation.  SB 2, which lowers the property tax revenue growth cap, moved quickly through committee but the question remains whether it will have the votes needed to be heard on the Senate floor.  Many believe the 2.5% cap will be increased through committee negotiations.

Article: Texas officials call it “property tax relief: – but legislation won’t lower tax bills or decrease budgets

While we have been waiting for specifics on Republican leadership’s proposals addressing public school finance, the Texas House Democratic Caucus led by Chris Turner of Grand Prairie laid out a $14.5 billion funding package option: Texas Kids First Plan.

Article: Democrats lay out their priorities for Texas school finance as lawmakers await leadership-endorsed bill

New Senate Select Committee Announced
Lt. Governor Dan Patrick announced the re-establishment of the Select Committee on Texas Ports. This includes our inland port of Fort Worth Alliance Airport. Sen. Jane Nelson of Flower Mound (whose district includes AllianceTexas) is one of 7 committee members.  In 2018, AllianceTexas contributed a $7.19 billion economic impact on our North Texas economy, with 61,000 direct jobs, 143,802 indirect jobs and the area is only 40% built-out.  This will be an interesting committee for North Texans to follow.

Article: Lt. Gov. Patrick re-establishes select committee on Texas ports

View the Chamber’s Legislative Agenda here.

Important Legislative Dates:

  • Friday, March 8: 60th Day; Final day to file unrestricted bills
  • Wednesday & Thursday, March 6 & 7: Tarrant County Days at the State Capitol
  • Monday, May 27: 140th Day, Session Ends
  • Sunday, June 16: Deadline for governor to veto a bill
  • Sunday, September 1: Effective date for most new legislation

 

For more information please contact:

Rebecca Montgomery, Senior Vice President Advocacy
Email: Rmontgomery@fortworthchamber.com
Office: (817) 338 – 1807

Or

Maribel Gallardo, Advocacy Specialist
Email: MGallardo@fortworthchamber.com
Office: (817) 338 – 3322