Controller: Houston projects $344.2M general fund balance but warns of $230M structural shortfall
At a Finance Committee meeting, Controller Collins reported a projected FY2025 general fund ending balance of $344.2 million, noted a $230 million structural shortfall in the current budget, and said unrestricted net position shows a significant deficit driven largely by pension liabilities.
The full story
Controller Collins reported to the Houston Finance Committee that the office projects an ending general fund balance of $344,200,000 for fiscal year 2025, but warned the city faces a $230,000,000 structural shortfall that must be addressed in the next budget cycle.
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