City of Houston reaches deal to cut over $320 million budget deficit
7 Articles
7 Articles
City of Houston reaches deal to cut over $320 million budget deficit
HOUSTON (KIAH) — The City of Houston struck a deal to slash its more than $320 million projected budget deficit. That number ballooned earlier this year, after the city lost a lawsuit over street and drainage improvement projects. Voters approved a new fee to pay for the projects almost 10 years ago, but the city spent that money we were all paying on other things. A group of people filed a lawsuit and in January, a judge ordered the city to sta…
City of Houston slashes budget deficit as mayor reaches deal with plaintiffs in streets and drainage lawsuit
As a result of a 2019 lawsuit filed by two Houston-based engineers, the city was required to allocate an additional $100 million to a voter-approved special fund for street and drainage projects by the end of June. Under the deal with the plaintiffs, the city will instead gradually increase its contribution to the fund over time, starting with $16 million this fiscal year, $48 million next year and the full amount by 2028.
Houston reaches deal in drainage lawsuit, slashing $330M budget shortfall by a 3rd
A multiyear drainage lawsuit has reached its end after Mayor John Whitmire and the plaintiffs reached an agreement April 16 to allow the city to fund millions of dollars in drainage infrastructure by 2028.
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