ALBUQUERQUE MAYOR BERRY SAYS HE WON’T SIGN OR VETO THE CITY BUDGET SENT TO HIM BY THE CITY COUNCIL. THAT MEANS THE BUDGET TAKES EFFECT SATURDAY, JULY 1ST.
BERRY SAYS THE PLAN CUTS 1-POINT-4 MILLION DOLLARS FROM ALBUQUERQUE’S GENERAL FUND RESERVES, WHICH WOULD HURT THE CITY’S CREDIT RATING. HE SAYS IT ALSO REDUCED RECOVERY TRANSFERS IN THE RISK MANAGEMENT FUND BY 3-POINT-3 MILLION DOLLARS. KOB TV REPORTS BERRY IS AGAINST SIGNING THE BUDGET BECAUSE IT “OVER COMMITS RECURRING COSTS AND LEAVES THE NEXT MAYOR AND CITY COUNCIL WITH STRUCTURAL PROBLEMS IN BALANCING THE 2019 BUDGET.
BERRY INITIALLY VETOED THE FIRST BUDGET THE COUNCIL SENT HIM. THE COUNCIL OVERRODE HIS VETO AND SENT HIM ANOTHER BILL.
