Keller administration faces budget deficit
December 14, 2017 10:11 PM
ALBUQUERQUE, N.M. -- New Mayor Tim Keller knew he would inherit some challenges from the previous administration, but others have been unexpected. One challenge he's facing now is pulling the city out of a budget deficit.
The task at hand involves balancing Albuquerque's $10 million budget deficit, a result of revenue from gross receipts taxes coming up short.
"Projections were made for 3 percent GRT [gross receipts tax] growth and roughly we've had 1.7 percent," Keller said.
Future costs include $10 million to upgrade a 911 transmitter system that allows public safety agencies to communicate. Also, the budget to hire more than 100 officers is slowly dwindling.
"We have funded more officers, but we also don't have enough money for officers because we're using that money for overtime."
"The ART funding is planned and prepared and appropriated," Keller said. "It is not locked in and so we are concerned about that but we're also moving fast to deal with that as best as we can."
Despite the challenges ahead, Keller remains optimistic.
"There's a swath of ranges of things that we can do with respect to fees and all different revenue ideas, and I think this is the good news about new leadership," he said. "We will look at every option and we will understand what the tradeoffs are for all of those."
Updated: December 14, 2017 10:11 PM
Created: December 14, 2017 07:08 PM
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