“Houston is technically bankrupt”, continued

Posted by | Posted in Lead Story, Life, News, Politics, Society, Texas, business | Posted on 31-01-2010

So a quick followup to the story we had yesterday, about Republican candidate for Texas Governor Debra Medina stating that Houston is technically bankrupt.  Turns out that a few months ago, a group of CPAs sent an open letter to the members of Houston’s City Government, as well as to major US newspapers.

In it, they don’t beat around the bush on their take of the city of Houston’s finances: Turns out, Houston is broke; it just hasn’t acknowledged it yet:

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Written by Jean Valjean