MAYOR TIM KELLER SAYS HIS ADMINISTRATION IS TRYING TO COME TO GRIPS WITH A 40-MILLION DOLLAR BUDGET DEFICIT. HE SAID FRIDAY THERE ARE FOUR MAJOR ISSUES…FLAT GROSS RECEIPTS TAXES…A PHASING OUT OF STATE FUNDING TO COMPENSATE FOR THE ELIMINATION OF THE FOOD TAX…RISING INSURANCE COSTS…AND THE DOJ SETTLEMENT AGREEMENT THAT’S COSTING ALBUQUERQUE ALMOST 4-MILLION DOLLARS A YEAR.
KELLER SAYS ALL OPTIONS ARE ON THE TABLE…INCLUDING TAX INCREASES AND A REDUCTION IN SOME SERVICES.
