Houston plans record rainy day fund, but is it enough?
Houston plans to increase its rainy-day fund to record levels following past disasters like Tropical Storm Allison, but questions remain about whether current savings are adequate for future major storms.
By Tom Abrahams·17 min ago
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HOUSTON, Texas (KTRK) -- Houston has seen its fair share of disasters over the years, but before Tropical Storm Allison dumped feet of rain on this area, the city had no backup savings and no rainy-day fund.
That changed shortly after that storm, but is the money the city of Houston is saving even close to being enough for the next big disaster?
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