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Public Works: DDSRF shows carryover commitments; no clear unencumbered surplus for new projects
Summary
Public Works staff told the Budget and Fiscal Affairs Committee the Dedicated Drainage and Street Renewal Fund (DDSRF) has significant carryforward commitments and planned capital work that in practice consume most available cash, limiting immediate spare capacity for new allocations without reprioritizing the CIP.
Houston Public Works officials briefed the committee on the Dedicated Drainage and Street Renewal Fund (DDSRF), explaining how the fund’s mechanics, carryforward commitments and capital appropriations affect available cash and project delivery.
Chief Financial Officer for Public Works Sameer Solanki and Senior Assistant Director David Wardlow said the DDSRF, created in 2010 to fund street and drainage capital work, receives four revenue sources: ad valorem property tax transfers, third-party funds (Metro and TxDOT), the drainage utility charge (on water bills), and developer impact fees. Solanki said the city has paid about $2 billion in pre-rebuild debt and has roughly…
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