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Houston
The city is weighing a deal with the Woodlands that frees up $22 million currently sitting in an account and delivers an extra $28 million over three years, helping close the general fund budget gap.
At a glance
Rising — being discussed more frequently. 4 mentions in the last 30 days.
Brings $50 million in unrestricted revenue to the general fund over the next few years and shrinks the budget gap.
City taxpayers and residents by easing immediate general fund budget pressures without requiring matching funds.
Future city administrations lose out on potential long-term sales tax collections if growth outpaces the present value calculation.
Houston Controller Chris Hollins criticized the Houston-Woodlands deal, saying it trades long-term revenue for short-term budget relief.
Houston City Council approves deal that blocks future annexation of The Woodlands ABC13 Houston
The city is weighing a deal with the Woodlands that frees up $22 million currently sitting in an account and delivers an extra $28 million over three years, helping close the general fund budget gap.
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