Independent watchdog gives Houston a “d” in city finances
Houston’s Sunday morning political debate show! The WYP panel talks about city being in debt and without a balanced budget according to independent watchdog group Truth in Accounting.
HOUSTON – City of Houston – we’ve got a problem.
According to an independent analysis by the non-profit Truth in Accounting, Houston’s finances are in pretty rough shape.
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Citing a debt load of $13,200 Â for every citizen, Houston ranked 60th out of the top 75 populated cities in the nation – and the worst in Texas.
That earned our community a letter grade of “D” – which the group says applies to cities with “unbalanced budgets” and significant debt.
If it’s any consolation New York, Chicago and Philadelphia, Baltimore and Portland – all received “f”s
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