ABQ mayor proposing $1.1 billion budget - Albuquerque Journal

ABQ mayor proposing $1.1 billion budget

Mayor Tim Keller (Journal file)

Mayor Tim Keller plans to announce his $1.1 billion fiscal year 2020 operating budget proposal Wednesday — one that would raise general fund spending to $642 million.

That’s 11.3 percent higher than the original 2019 general fund budget — and a one-time cash surge attributed to a change in city accounting policy will make much of it possible.

The fiscal year runs July 1 to June 30, but the city has traditionally applied June’s gross receipts and property tax revenue to the following fiscal year because it does not come in until August. But a policy shift will extend the window in which it can recognize that revenue —and the reset creates what Chief Financial Officer Sanjay Bhaka equated to a “13th month” and about $34.3 million.

“If we do this, we do create a wonderful piece of one-time money,” Keller said in a meeting earlier this week with Journal editors and reporters.

Keller’s budget — submitted earlier this week to the City Council, which must approve a final version by May 31 — puts $6 million of that one-time money into a fund to buy new police cars and applies $2 million each toward housing vouchers and the Local Economic Development Act fund.

Public safety accounts for about 47 percent of general fund spending in Keller’s proposal, with police representing the single largest share of any department at $205 million. That includes personnel costs for 1,053 sworn officers.


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

Nativo Sponsored Content

taboola desktop

MORE ARTICLES LIKE THIS

1
COVID hospitalizations most since first of year
ABQnews Seeker
Patients lashing out at health care ... Patients lashing out at health care workers over long wait times
2
Photo of gun in backpack stirs fears at La ...
ABQnews Seeker
Parents, students assail school stance on ... Parents, students assail school stance on matter
3
Operation Holiday Cheer: Send season's greetings to NM veterans
ABQnews Seeker
Let them know we appreciate their ... Let them know we appreciate their service for our country – or for caring for the home's residents
4
ACLU: Inquiry needed into BCSO shooting
ABQnews Seeker
Death of 18-year-old requires independent investigation, ... Death of 18-year-old requires independent investigation, group says
5
NM House advances new map for 70-seat chamber over ...
ABQnews Seeker
Map still has to be approved ... Map still has to be approved by the Senate and the governor in order to take
6
‘Disrespect’ a factor in fatal shooting
ABQnews Seeker
Detectives arrested a man accused of ... Detectives arrested a man accused of fatally shooting another man with not one, but two guns for disrespecting him last weekend at an apartment ...
7
Senator, Governor's Office escalate spending dispute
ABQnews Seeker
Sen. Jacob Candelaria accused of grandstanding ... Sen. Jacob Candelaria accused of grandstanding in court filing
8
APD: Videos show man pummeling infant son
ABQnews Seeker
Seen saying 'die' to child Seen saying 'die' to child
9
PNM-Avangrid merger rejected by PRC
ABQnews Seeker
Commission cites 'demonstrated record' of poor ... Commission cites 'demonstrated record' of poor behavior from companies