HOUSTON - City of Houston - we've got a problem.
According to an independent analysis by the non-profit Truth in Accounting, Houston’s finances are in pretty rough shape.
Citing a debt load of $13,200 for every citizen, Houston ranked 60th out of the top 75 populated cities in the nation - and the worst in Texas.
That earned our community a letter grade of "D" - which the group says applies to cities with "unbalanced budgets" and significant debt.
If it's any consolation New York, Chicago and Philadelphia, Baltimore and Portland - all received "f"s