Overview

• The City of Houston and plaintiffs Bob Jones and Allen Watson reached a settlement over the underfunding of a voter-approved drainage fund created in 2010.
• The agreement reduces this year’s required contribution to $16 million, next year’s to $48 million, and commits to full compliance by 2028.
• Houston will allocate $459 million to the Dedicated Drainage and Street Renewal Capital Fund starting next budget year, increasing to $500 million by 2028.
• The deal addresses a $330 million budget deficit, cutting the immediate shortfall to approximately $220 million.
• In addition to the financial commitments, the city agreed to implement enhanced transparency and accountability measures to oversee fund management.