Albuquerque Journal (Albuquerque, NM)

Taos Town Budget OK'd.(Journal North)

Byline: Kathryn Holzka For the Journal

3 Percent Increase In Pay Included

TAOS -- The town of Taos has approved its 2003-2004 municipal budget, with general fund operating expenses totaling $8,231,201, an increase of $916,875 over this fiscal year.

An estimated 85 percent of general fund revenues will come from gross receipts taxes. According to Town Manager Gus Cordova, general fund revenues are expected to grow by 4 percent for fiscal 2003-2004, for a total of more than $8.6 million.

Cordova said total expenditures in all funds, including dedicated funds and grants, are estimated at almost $28 million, an increase of more than $1. …

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