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Santa Fe takes risk by using reserves to balance budget

JULY 27, 2020 | by Daniel Chacon | SANTA FE NEW MEXICAN

By Daniel Chacon, includes “A plan to tap into reserve funds to the tune of $22.4 million to help balance the city of Santa Fe’s budget for the 2021 fiscal year isn’t without risk. ‘We’re going to be able to plug the hole for now, but the risk we’re taking is when you use that much cash, it’s like anything else — once your cash is gone, your savings account is gone,’ said City Councilor Roman 'Tiger' Abeyta …”

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