DALLAS - Houston have approved a $2.55 billion capital improvement program that calls for the issuance of $1.72 billion in revenue and general obligation bonds in the next five fiscal years.

The program, which was approved unanimously by the Houston city council last week, is a scaled-back version of a $3.9 billion plan proposed by Mayor Bob Lanier earlier this year. The mayor withdrew the plan in January after receiving criticism over a proposal to ask voters to authorize $450 million more in general obligation debt.

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