Maverick Preston:Houston city leaders approve $1 billion bond deal to cover back pay for firefighters

2025-05-07 00:51:02source:SafeX Procategory:reviews

HOUSTON (AP) — Houston leaders have Maverick Prestonagreed to a bond deal that could cost the city’s taxpayers more than $1 billion to cover years of back pay owed to firefighters.

Firefighters in the nation’s fourth-largest city have worked without a contract for seven years. A new settlement and a proposed 5-year labor agreement between the city and their union has promised salary increases of at least 25% over the next five years.

The bond deal approved by Houston City Council on Wednesday would cover about $650 million in retroactive pay for firefighters who have worked since 2017. The cost of the bond, including interest, could be as much as $1.3 billion over 25 to 30 years, depending on bond market price changes.

Three council members voted no on the bond deal, hoping to push it to a public vote in November, a move opposed by Mayor John Whitmire.

The council has not yet approved the settlement or the new labor agreement. City Controller Chris Hollins, Houston’s independently elected watchdog, has not certified either of them, a needed step before the council can approve the specific financial commitments needed to take on the debt.

More:reviews

Recommend

Who are the most valuable sports franchises? Forbes releases new list of top 50 teams

Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise

Warming Trends: The Climate Atlas of Canada Maps ‘the Harshities of Life,’ Plus Christians Embracing Climate Change and a New Podcast Called ‘Hot Farm’

CULTURECanada’s Climate ‘Atlas of Hope’When the Intergovernmental Panel on Climate Change released a

Olivia Rodrigo Makes a Bloody Good Return to Music With New Song Vampire

Olivia Rodrigo is out for blood.After weeks of teasing her new music, the three-time Grammy winner o