Andrew Schneider/Houston Public Media

The City of Houston's financial position puts it at risk of a worsening deficit and depleted savings in the event of a major disaster, the city controller's office warned this week.

"As we make our way through what has thankfully been a quiet hurricane season so far, it’s important to remember that Houston needs to do more to financially prepare for the disasters that strike our city all too often," Controller Chris Hollins, Houston's chief financial officer, warned the city council on Wednesday.

Among the financial vulnerabilities identified by the controller's office : chronic budget deficits, voter-approved and state-imposed limits of property tax revenue, fluctuations in sales tax revenue and a lackluster approach to maintaining the city's

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