News from January 2020
Just before Christmas, the City released its FY2018-20191. Comprehensive Annual Financial Report (CAFR), more commonly referred to as its “annual audit.” There is some good news, but it comes with some big question marks. But mostly it is just the latest chapter in the chronicle of the City’s long-term fiscal deterioration. The situation was aptly summarized by our City Controller, Chris Brown, in his introductory letter:
Last week, I had the chance take part in a panel with Dr. Rod Paige, former U.S. Secretary of Education under President George W. Bush; George Foreman, 2x World Heavyweight Champion; and State Rep. Harrold Dutton at Texas Public Policy Foundation’s 2020 Policy Orientation.