THE CITY OF HOUSTON COULD BE MORE THAN $100 MILLION DOLLARS IN THE HOLE!

CITY WORKERS MAY BE ASKED TO TAKE A FURLOUGH?

The Insite has learned the city of Houston could soon be up to its neck in the red which could lead to to drastic steps from city leaders to plug the hole. Sources have said and we’ve confirmed through the City Controller’s office – Houston faces a $103 million budget shortfall for the fiscal year of 2010. Janice Evans with the Controllers office tells the Insite Annise Parker will announce the big hole this Tuesday and Wednesday to council members. This comes just weeks after the council announced a balanced budget and many bragged how Houston was in much better financial shape than most municipalities. Evans says, “Parker believes all options need to be considered (to balance the budget) but ultimately this is a decision that will be left up to the Mayor and City Council.” But our sources say one of the options out there from city leaders is a furlough of some city employees. The Insite hears it could be 1 day off each month to save the city some money. The city’s Finance department we’re told has a much more conservative estimate in the anticipated shortfall. Those numbers are being compiled by director Michelle Mitchell. The Insite tried to reach a spokesperson with the city for a response but my Sunday call wasn’t returned. Make sure you tune into FOX 26 news at 9pm tonight for more details!