Houston city controller suggests ways to manage budget deficit
HOUSTON - Houston city controller Chris Hollins appearing to endorse a revenue generating measure needed to help fill a $160 million dollar deficit and the additional annual cost of servicing the $650 million wage settlement with the firefighters' union.
Hollins said it will take more than a "trash toll" to balance the books because the labor deal also commits the city to raising firefighter pay in each of the next five years.
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Lest we forget, refusing to pay as we go and "kicking-the-can-down the road" during each of former mayor Sylvester Turner's 8 years in office is what created this balloon payment - which will ultimately cost taxpayers more than a billion dollars when you factor in interest over the 25 years of the bond