DALLAS – Dallas and Houston still face challenges to turn around troubled pension plans after securing pension legislation from the Texas Legislature, but officials are optimistic they can now reverse the downward trend of the past few years.

Houston must resolve a firefighters’ lawsuit and convince voters to authorize $1 billion of pension obligation bonds, while Dallas still faces some heavy financial lifting to restore the health of its Police and Fire Pension Fund. Both cities are hoping to remove negative outlooks on their general obligation ratings in the process.

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