“… Whoever wins will be forced to confront another simmering financial problem: Houston’s $2.4 billion unfunded liability for retiree health care costs, the result of years of deferred contributions, an aging city workforce and, experts say, growing medical costs that outpace the city’s revenue. The total has grown in recent years by an average of $160 million a year, or more than $400,000 a day. …”
Read the full article on: Houston Chronicle