TOUGH TIMES FINANCIALLY FOR ONE NEW MEXICO COUNTY. THE ASSOCIATED PRESS REPORTS THAT CIBOLA COUNTY COULD FACE BANKRUPTCY…AND THE PROSPECT OF LAYOFFS AND LIQUIDATING ASSETS. INTERIM COUNTY MANAGER VALERIE TAYLOR SAYS THE COUNTY IS IN CRISIS MODE AFTER YEARS OF OVERSPENDING.
SHE SAYS IT’S POSSIBLE THE STATE COULD BAIL OUT OUT CIBOLA COUNTY WITH A LOAN AND SET UP A REPAYMENT PLAN IF THE COUNTY CAN’T PAY ITS DEBTS.
