ALBUQUERQUE, N.M. (AP) — Albuquerque Mayor Richard Berry has vetoed the city budget sent to him by councilors.
Berry says the budget sent to him last month was not fiscally sound, so he and two councilors have come up with a new one. The Albuquerque Journal reports (http://bit.ly/2qJUtDU ) the new $528.9 million budget will be presented Monday at a City Council meeting.
This is the first time Berry has vetoed a budget since becoming mayor in 2009. He says he was concerned with the bill leaving the general fund structurally imbalanced because expected revenues aren't in line with proposed expenditures. He was also concerned with the police department's funding being reduced by $2.4 million.
Berry says the new proposal includes no tax increases, although it does propose modest increases in some user fees.
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Information from: Albuquerque Journal, http://www.abqjournal.com