Houston Seeks OK To Use Pandemic Aid To Close Budget Gap
Date: 23 April, 2020 | By : Taro Chellaram, CCIM
Mayor Sylvester Turner is asking the federal government to let Houston use $404 million in aid to help close its ballooning budget gap and reduce the number ofexpected furloughs.
Rules for the CARES Act, part of the $2 trillion stimulus passed by Congress last month, prevent the city from using the dollars where they are most needed: the budget.
The funds are intended to be used for expenditures directly related to COVID-19. But southwestern cities like Houston have incurred fewer direct pandemic expenses than northeast cities because they took earlier social distancing actions, Turner said.
use $404 million in aid to help close its ballooning budget gap
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