Bauer Business Focus

Houston’s Budget Is Balanced For Now, But What About The Future?

City Controller Chris Brown talks about the state of Houston’s finances

Houston City Controller Chris Brown has often sounded the alarm bell about the city’s finances since his election in 2015

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In a session that got heated at times, the Houston City Council this week passed its budget for the upcoming fiscal year.

The $4.9 billion budget closes a $114 million shortfall but leaves challenges for the future.

While Mayor Sylvester Turner's administration secured pension reform to address the more than $8 billion in unfunded liabilities for the firefighters pension fund, the next challenge is retirees' health benefits.

City Controller Chris Brown, the city’s elected chief financial officer, discusses the state of Houston's finances.

Click on the play button above to listen to the interview.

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