Friday, December 18, 2009

Albuquerque Mayor: State of the city's budget

Sunrise in downtown Albuquerque on the last Friday of Fall.

On the job for 18 days, Albuquerque's new mayor is taking a hard look at the city's $475 million annual budget.

Today, Mayor Richard Berry is planning to discuss the state of the city's budget with reporter's at a mid-morning news conference -- and 770KKOB will be there to cover it.

Revenue from gross receipts are expected to be off 9% (from the same time last year), and that could lead to budget cuts, adjustments, and even worker furloughs.

It appears Berry's new administration is starting out with a $24 million to $40 million deficit.

Albuquerque is not the only city struggling in the metro area. Rio Rancho city officials are also facing a $3 million deficit -- they'll decide if employee furloughs are needed sometime next month.

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