Houston City Council Approves Ordering Study For LongTerm Financial Plan

first_img To embed this piece of audio in your site, please use this code: Listen Al OrtizHouston Mayor Sylvester Turner says one of the things he wants to see in the study are suggestions about day to day operations in the City.The Houston City Council approved Wednesday spending $565,000 on a study that will help Mayor Sylvester Turner and council members design a long-term financial plan.The Philadelphia-based consulting firm PFM Group will do the study combining the forecast of revenues, expenditures and long-term obligations with two big goals Turner has set for his administration:  sustainable future budgets and full funding of city pensions.The study will present recommendations for a timeframe of 10 years.“What the study will seek to do is to find how can we create –whether through cuts, whether through revenue— this balance that doesn’t have us lurching from year to year for a single source… a single solution to the budget but, instead, has that long-range solution to the budget that we’ve been seeking,” explains Kelly Dowe, director of finance for the city.Turner says he also wants to see suggestions about day-to-day operations in the city.“We have 23 departments. The question is: Can we run more efficiently, more prudently? Now: are there duplications, can we streamline? Are we operating with best practices, you know, can we do better?” Turner commented during the press conference held after the council meeting.There is not a final timeline for the PFM Group to turn in the study, but Dowe says the city would like to have at least some initial recommendations by February or March, as they work on the budget for Fiscal Year 2018. 00:00 /01:21 X Sharelast_img

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