When you’re known as the energy capital of the world, oil busts are nothing new. Like in other cities, the coronavirus has shut down much of Houston’s economic activity, slashing thousands of jobs as well as sales tax revenues. Mayor Sylvester Turner expects a city budget deficit of about $200 million, the worst in the history of this city of more than 2.3 million, the country’s fourth largest. …read more
Source:: Yahoo Finance
