Fiscal Cliff May Take $1.8 Million of Las Cruces Funding
POSTED: Thursday, December 27, 2012 - 5:49am
UPDATED: Thursday, December 27, 2012 - 7:03am
Las Cruces, NM — The clock is ticking and lawmakers in Washington will tackle the issue of the fiscal cliff. If lawmakers cannot come together with a solution we're looking a combination of expiring tax cuts and across the board federal government spending cuts. Cuts not only nationwide, but locally as well.
President Barack Obama is set to arrive at the White House on Thursday morning. He cut his Christmas vacation to Hawaii short to help the country avoid falling over the fiscal cliff.
In Las Cruces, all eyes are on Washing as the City of Crosses is looking at a potential $1.8 million cut if the nation goes over the cliff.
Officials say Las Cruces receives federal funding from various federal agencies. City Manager, Robert Garza says the city operates at a $300 million budget. The cut is a small percentage, however this small percentage equates to federal funding from the Federal Transit Administration, the Federal Aviation Administration, and some community development block grants.
Officials say the city's budget has been set for the next fiscal year. If lawmakers in Washington cannot find a compromise, the city's budget will be impacted after this coming September.