Finance director paints grim picture of finances
Phaedra Haywood | The New Mexican
Posted: Tuesday, February 09, 2010
"Santa Fe County might have to cut as many as 60 jobs in order to balance its budget for next year.
Finance Director Teresa Martinez presented a grim picture of the county finances to commissioners during a budget study session Tuesday.
She blamed falling gross-receipts tax revenues, costly legislative mandates and deficits in several county departments.
In addition to eliminating jobs, the county might have to cut funding to numerous programs including youth services, libraries, transportation and county satellite offices.
Shortfalls in certain departments — including corrections, health and fire — can be made up by using cash reserves from the general fund this year, Martinez said.
But without sweeping reform, she said, those reserves will likely be depleted within the next two years, causing the county to violate its own rules requiring minimum cash reserves. " More>>>>
As of this posting, the Santa Fe Chamber of Commerce reflected that the County of Santa Fe has 445 employees. So, 60 into 445 equals 13.5% employee reduction.
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