Houston Public MediaThe City of Houston’s financial position puts it at risk of a worsening deficit and depleted savings in the event of a major disaster, the city controller’s office warned this week.
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At the peak of hurricane season, Houston city finances face resiliency challenges
Among the financial vulnerabilities identified by City Controller Chris Hollins' office: chronic budget deficits, voter-approved and state-imposed limits of property tax revenue, fluctuations in sales tax revenue and a lackluster approach to maintaining the city’s rainy day fund.