Houston may face a $320 million budget deficit for the upcoming fiscal year.

Houston may face a $320 million budget deficit for the upcoming fiscal year.
The multi-billion dollar bond was later rejected by voters, but questions have been raised about wording in the budget item.
A majority of the funding would be allocated for rebuilding three campuses.
The bond is projected to cost more than $8 billion and is facing opposition from both local political parties for its exorbitant cost to taxpayers.
The bond is the largest of its kind in state history and is expected to cost as much as $8.8 billion when including interest.
Local property taxpayers already owe more than $638 million in bond debt.
Liberty Hill, Manor, Marble Falls, and San Marcos all have a VATRE proposition on the ballot to increase school district funding.
The average homeowner can expect to pay roughly $160 more on their property tax bill.
The total cost of the $4.4 billion bond including interest is expected to be $8.8 billion after thirty years.
A slate of activist groups explained before the Senate Finance Committee how they would go about addressing Texas’ high property taxes.