Albuquerque Imbalance

Watts, Jim
January 2005
Bond Buyer;1/11/2005, Vol. 351 Issue 32047, p31
Trade Publication
The article presents information about Albuquerque's spending and income. The article informs that its spending will exceed its income in 2005 if action is not taken. Mayor Martin Chavez said he is confident his administration can balance the budget without a tax increase. The mayor must present a new budget by April 1, 2005. It informs that according to the city's latest financial forecast, general fund spending in 2005 would total $455 million with projected revenue collections of $414 million.


Related Articles

  • Contentious Bond Package in Albuquerque Mayor's Hands. Watts, Jim // Bond Buyer;7/15/2005, Vol. 353 Issue 32175, p3 

    Reports on the presentation of a City Council-approved capital improvement project budget to Albuquerque, New Mexico Mayor Martin Chavez. Commitment made by Chavez to veto several projects funded by the city's biannual general obligation bond package; Tentative date set for an election on the...

  • Albuquerque Budget. Watts, Jim // Bond Buyer;5/3/2005, Vol. 352 Issue 32124, p31 

    The article reports that debate over the budget of Albuquerque, New Mexico for the fiscal year that begins in July 2005 got under way with the first hearing on Mayor Martin Chavez's US$447 million general-fund proposal. The City Council will soon begin work on a $120 million general obligation...

  • BIG DIPPERS. Patton, Zach // Governing;Apr2006, Vol. 19 Issue 7, p18 

    The article focuses on the controversy over the pensions system for public employees in New Mexico. A city policy states that pension recipients will be unqualified for most municipal jobs. Mayor Martin Chavez said that the policy returns to public employee pension program to its original...

  • REVENUE FROM THE PERSONAL INCOME TAX IN MUNICIPAL BUDGETS OF LATVIA AND LATGALE REGION. Zelca, Sandra // Regional Review / Regionalais Zinojums;2010, Issue 6, p41 

    Municipal budget is the main element that determines the qualitative implementation of the economic functions of a city. The main source of income for a municipal budget is taxes and the personal income tax in particular. According to the distribution of the personal income tax within the state...

  • Alaska GOP Wants to Put More Of Knowle's Debt Plans to Voters. Finestone, Deborah // Bond Buyer;5/1/2002, Vol. 340 Issue 31377, p3 

    Reports on the continuing debate of lawmakers in reinstating a state income tax to raise revenues in Alaska. Comments of Republican Senator Pete Kelly on general obligations (GO) bond proposal; Impact of the GO package on the school budget; Concerns on budget deficit.

  • Budget.  // Montenegro Economic Trends;Nov2004, Issue 18, p40 

    Examines budget revenues in Montenegro in 2004. Structure and execution of individual revenues, including personal income tax; Categories of budget expenditures, such as wages and salaries; Budget balance and financing.

  • Changing Red to Black: Deficit Closing Alchemy. Petersen, John E. // National Tax Journal;Sep2003, Vol. 56 Issue 3, p567 

    States and many localities face the direst fiscal situation that they have encountered in the last 60 years or so, with revenues falling or stagnant while expenditure demands continue to grow. This divergence in incomes versus outgoes means that most states face recurring operating fund deficits...

  • Public Budget Hearings. Watts, Jim // Bond Buyer;5/2/2006, Vol. 356 Issue 32372, p31 

    The article reports on the arrangement of three public hearing by the Albuquerque City Council on the proposed budget of Mayor Martin Chávez in New Mexico. The 473 million dollars budget proposition includes wage increases, public safety improvements, expansion of the bus system, and for the...

  • Albuquerque Mayor Wants Control of Schools' Capital Budget. Watts, Jim // Bond Buyer;6/29/2006, Vol. 356 Issue 32413, p28 

    The article reports on the plan of Albuquerque Mayor Martin Chávez to take control of Albuquerque Public School's capital budget. Chávez aims to provide better direction and management of the district's construction program. He will ask the Legislature to give his office authority over the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics