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Houston Finance Head Warns of Massive Budget Deficit After Federal COVID-19 Funds Expire

serfserf Member Posts: 9,225 ✭✭✭✭


Our Black Democratic mayor & The city Council here has enacted a bill to give all city employees a paid 12 week furlough for births,adoptions etc...while the city budget dumps into the red because of federal cov-19 stimulus money is drying up.

Typical Progressive Democratic efficiency to spend more and raise taxes and fees all the while Giving more benefits and retirement for city workers. What a joke it all is herein America now. Buy votes with tax payers money and raise the debt and hoping for D.C. to bail them out later.

serf

https://www.houstonpublicmedia.org/articles/news/health-science/2022/04/13/423167/city-of-houston-employees-receive-paid-parental-leave/

Then Houston Finance Head Warns of Massive Budget Deficit After Federal COVID-19 Funds Expire.

https://thetexan.news/houston-finance-director-warns-of-massive-budget-deficit-after-federal-covid-19-funds-expire/

During monthly presentations on the city’s finances this week, Controller Chris Brown warned that Houston could be facing a budget deficit of as much as $300 million by 2025.“I would expect, especially in the out years, particularly in 2025 and [20]26, a structural imbalance projected — probably double what it was when I first came into office,” said Brown during a meeting of the Houston Budget and Fiscal Affairs Committee Tuesday.

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