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Houston Utility Under Fire | Texas News
Houston’s water utility, serving over two million residents, now faces a negative outlook from S&P Global after controversial financial moves that shifted $200 million in costs from the general fund to the utility — including $100 million for waste services and $100 million for infrastructure usage. While these steps erased an immediate deficit, they gutted the utility’s savings and raised alarms about how it will manage rising expenses: through rate hikes or cash reserves? Critics like City Controller Chris Hollins say it’s just accounting shuffle, while the city introduces a new $5 monthly…
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