MAYOR BILL WHITE SAYS THE BUDGET SHORTFALL AIN’T THAT BIG!
ANNISE PARKER STANDS BEHIND HER NUMBERS!
The city of Houston will be forced to make up an estimated $50 million budget shortfall with a combination of spending cuts and new revenues in what portends to be a challenging few months in the waning days of Mayor Bill White’s final term.
Sagging property and sales tax revenue estimates released in a report Friday have extended an austere fiscal climate that has loomed over City Hall for more than a year. Through a combination of slowing capital projects, borrowing and minor, across-the-board budget cuts, White so far has managed to avoid some of the more drastic measures other cities have used to stay afloat.
Full Story at: http://www.chron.com/disp/story.mpl/metropolitan/6595994.html