Sep 19, 2008

Open Letter to Philip R. Klein (Rainy Days)

Dear Philip

Houston's current predicament is the logical conclusion when a municipal government fails to keep an adequate unreserved fund balance:

Sept. 19, 2008, 7:58PM

Houston's emergency cash fund drained
Ike empties Houston's $20 million "rainy day fund"

By CAROLYN FEIBEL, JENNIFER LEAHY and HARVEY RICE Copyright 2008 Houston Chronicle

The city council directed the entire emergency fund balance, as well as $5 million from a roadway repair fund, to debris cleanup. City officials hope FEMA eventually will reimburse Houston for all disaster-related costs.

Care to discuss your extremist, wingnut opinion about Jefferson County's "rainy day fund" again? I think now is an appropriate time.



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