ALTHOUGH IT'S ONLY SYMBOLIC, THE BERNALILLO COUNTY COMMISSION HAS UNANIMOUSLY APPROVED A "NO CONFIDENCE" VOTE IN TREASURER MANNY ORTIZ. COMMISSIONER ART DE LA CRUZ SAYS THE COUNTY NOW HAS A LIMITED CASH FLOW BECAUSE ORTIZ TIED UP TOO MUCH MONEY IN LONG TERM INVESTMENTS. HE SAYS THEY'RE ABLE TO MEET DAY-TO-DAY NEEDS FOR NOW, BUT HAVE NO FLEXIBILITY FOR ANY UNSEEN EXPENSES.
COMMISSIONERS HOPE TO HAVE A NEW INVESTMENT POLICY IN PLACE BY THE END OF THE YEAR. IN THE MEANTIME, THEY VOTED TO LIMIT THE INVESTMENT AUTHORITY OF THE TREASURER.
