Only the airport went over budget. The general fund is traditionally budgeted to spend more than it takes in, but the hole was partially covered by about $418,000 more in gross-receipts-tax revenue than expected.
Nearly $84 million budget for a town with a population of 6,000 is a testament to infrastructure neglect and rising costs.
It's amazing how little money the city is spending on making the prior PNC Bank into a police building. That is largely thanks to City Manager Gary Whitehead, who digs out the best price using the design-build procurement method.
It must be tough and expensive to go up against the City of Truth or Consequences with its team of lawyers supplied by the New Mexico Municipal League's self-insurers fund, the city's insurer. Barnes settled for $45,000 and the city admitted no wrongdoing.
I wrongly assumed T or C had about 1,000 acre feet a year to parlay to attract development. The state lost a decade-long lawsuit to Texas and the city's unused water rights could be reclaimed, especially since it's wasting up to 47 percent of its water due to infrastructure neglect.
Basic New Mexico water law will help you understand how the Settlement Agreement which ended the Texas v. New Mexico and Colorado lawsuit will affect your water use and your taxes.
Sierra County joins Santa Fe and Socorro counties with moratorium on new data centers before a record crowed at public hearing.
The closure of the Hot Springs Basin three years ago has made Mark Twain's words even more applicable: "Whiskey is for drinking, water is for fighting over." The city is not using about 1,000 acre feet a year of its water rights, making it a heavy weight.
Can the village afford to take on so many capital projects? My analysis says "no," but the budget documents provided are scant.
Residents approved $3 million in general obligation bonds in November 2022 that resulted in a new property tax of 3.50 mills. According to the city's website, interest and other charges will add $550,000 or 18.33 percent "interest." That's an expensive way to borrow, if correct.
Presentation this Wednesday July 8th at 6 pm at the Kingston Spit and Whittle Club.
In April 2009 , Bill & I had the good fortune to travel with a very small group of Belgians (9 people with Belgian guide) in Sichuan and Yunnan provinces on the edge of the Tibetan border.
Looks like the public is supporting a 21 year-old spaceport and still hoping it will reach adulthood, although it will likely take another 20 years to gain self-sufficiency, if ever. Does the public want to pay for a 41-year gestation period?