Yup. Fort Worth is badly upside down. Actually it is third in the nation, and may be the only Texas municipality on the top twenty unsecured pension debt list.
My brother in law works for the Ft. Worth PD. I have pointed out that he will never get a retirement unless he can cash out early.
He is stuck in his own little fantasy world in which he believes that in spite of a growing citizen outcry about excessive force on the part of his department...the state of Texas will bail the pensions out when they run dry.
Not happening.
The only reason Michigan even makes news like this is the fact that Rick Snyder laid the books out on the table and forced everybody to take a look.
I’d like to kick him in the ass about half the time but forcing this out into the open is a good thing.