A 'sobering' assessment was released on the City of Houston's precarious financial condition, warning our Municipal Government is actually operating in the 'red.'
A "sobering" assessment was released on the City of Houston's precarious financial condition. It comes from none other than the Greater Houston Partnership and includes a warning our Municipal Government is actually operating in the "red." FOX 26 Political Reporter Greg Groogan us with a breakdown.
That's because the City has huge liabilities including an estimated $3 billion in deferred maintenance on roads, at least $500 million owed to firefighters in back pay, and additional obligations totaling $3 billion related to water infrastructure.The Partnership says with "one-time" Federal COVID relief funds soon to be exhausted, the City has few options to balance its "structurally unbalanced budget.
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