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.


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