Houston’s new Popular Annual Financial Report tells a reassuring story of short-term growth and recovery, but it ignores the city's long-term financial trends. If things are going to improve, public officials need to confront reality.
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Cities across North America are financially imploding—not because of a lack of growth, but because of the pattern of growth itself. Few cities illustrate this pattern as vividly as Houston, Texas.
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The Finance Decoder reveals the long-term trends hidden behind annual balanced budgets. For Kansas City, those trends are deeply problematic.
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