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Rep.Harris, Cody

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Harris Urges TRS to Find More Affordable Lease Rates  print page

by: Rep. Harris, Cody
01/24/2020

State Representative Cody Harris (Palestine) sent a letter to the executive director of the Teacher Retirement System of Texas (TRS) on Friday asking the agency to reevaluate its decision to spend $326,000 per month in rent for office space in downtown Austin.

"Having been supported by the State of Texas along with managing a $150 billion trust fund to finance member benefits, I find it extremely concerning that the Teacher Retirement System has a 10-year, $42.5 million lease agreement for the office space in downtown Austin to support the Investment Management Division staff."

Harris continued to say "As a commercial real estate professional, I am confident that more reasonable and affordable lease rates are attainable throughout Texas, including in or around Austin. I would be more than willing to help TRS find an extremely affordable office space in my district to ensure that this agency will make teachers and taxpayers a priority in Texas."

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Capitol Address:
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Room E2.816

P.O. Box 2910

Austin, TX 78768

(512) 463-0730

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214 E. Elm St.

Hillsboro, TX 76645


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P.O. Box 278

Hillsboro, TX 76645

(254)-582-4081