8 of Texas’ major cities found to be financial ‘sinkholes’

Robert Montoya  |  February 23, 2021

By Robert Montoya, includes “A recent study of local government financial reports found Plano was the only major Texas city that entered last year’s COVID shutdowns in good fiscal health. The rest of Texas’ major cities were ‘sinkhole cities,’ needing more money from taxpayers to pay their bills—coming mostly from growing unfunded retirement obligations.”

Read the full article on: Texas Scorecard

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