Albuquerque Journal (Albuquerque, NM)

Budget Spends Almost 'To the Last Penny'.(Final)

Byline: Jim Ludwick Journal Staff Writer

How much wiggle room is there in the mayor's $350 million budget proposal?

There would be $53,000 in available funds after following the mayor's spending plan and setting aside reserves, budget director Anna Lamberson told city councilors Wednesday night.

That's based on the city's guess of how much income it will have from gross receipts taxes and other sources.

It amounts to a 66th of 1 percent of the budget. For a family with an income of $50,000, it would be like planning how to spend all but $7.58 of next year's pay.

Lamberson said the budget calls for the city to spend its available funds almost "down to the last penny. …

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