Budget Solution Could Cripple Town - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Budget Solution Could Cripple Town

NEW MEXICO - Governor Richardson still isn't clear how exactly the state ended up more than 600 million dollars in the red -- however he is more sure of how they should fix it. But some say it's an idea that hasn't been thought through.

Four years ago New Mexico stopped making people pay taxes on food and health care. Instead the state supplemented the lost funds for cities and towns. Now the state is thinking about taking back that supplemented money.

For Tucumcari, that would mean $316,000 dollars gone from their local budget.

Richardson has called a special session of the legislator on Oct. 17 to consider this plan and other ways to make up for the shortfalls.

Powered by Frankly