AZTEC, N.M. (AP) — A northwestern New Mexico city is facing such a budget crunch it may end the fiscal year with only a few thousand dollars.
The Daily Times in Farmington, New Mexico, reports Aztec finance director Kathy Lamb said last week the city could end fiscal year 2019 with just $4,000 in its general fund if does not cut spending.
The Aztec City Commission may approve a preliminary budget of $26.5 million — about $7.3 million coming from the general fund — when it meets Tuesday.
The dire fiscal outlook has commissioners working to triage scheduled community improvement projects.
Most Read Nation & World Stories
- ‘I’m done saying I’m sorry,’ Alex Jones tells Sandy Hook families in court
- Sports on TV & radio: Local listings for Seattle games and events
- Daylight saving ends soon. Wait, didn't lawmakers vote to end this?
- Elton John, a favorite of Trump, performs at the Biden White House
- 10 tips for coexisting with COVID (and living a normal-ish life)
Projects, including the North Main Avenue extension project, may be delayed amid the budget crunch.
Information from: The Daily Times, http://www.daily-times.com