The Truth or Consequences City Commission will have a workshop on the final 2020-2021 budget at the end of the regular meeting that starts at 9 a.m. on Wednesday.
No final budget is in the packet, giving the City Commission and the public no time to study the budget before the last-minute July 22 workshop. The final budget is due to the state by July 30.
The City Commission has also yet to receive a fourth-quarter budget report from the prior fiscal year ending June 30. Without it, the City Commission voted blind on the preliminary budget at the May 27 meeting.
The final budget is not an action item, so perhaps the City Commission will hold a special meeting to vote on the final budget between now and July 30.
REFINANCE, REFUNDING LOAN
City Manager Morris Madrid is proposing the City refund a 2009 loan from the New Mexico Finance Authority. It was originally for $2,046,949 principal, the proceeds to be used to repair “streets, alleys, sidewalks and curbs.”
There is $1,166,036 principal left on the 2009 loan that runs through 2030.
In addition, Madrid is proposing the City borrow an additional $1,076,378 principal for unnamed projects “the city couldn’t afford otherwise.”
This would bring the refinancing/refunding loan amount beyond what it was originally—$2,242,414 principal. The loan would still end in 2030.
The loan will be paid back from the Municipal Gross Receipts Tax, as was the 2009 loan. The City charges one-cent per dollar Municipal Gross Receipts sales tax. One-quarter of the one cent will go to paying off the loan. No mention has been made of the possible shrinking of this money source due to COVID-19, or if it will be sufficient to make the payment. Most businesses were and still are closed in much of the City.
The loan was on a prior agenda, but Madrid took it off because “an even lower interest rate” was on offer from the New Mexico Finance Authority.
But Madrid has not included several exhibits that are part of the loan agreement in the City Commission packet. The City packet does not include the debt-payment schedule or the interest rate, therefore it is unknown what the yearly payment will be, or if the interest rate is low enough to warrant refinancing the loan given the more than $1 million added to the debt.
Without the debt schedule, interest rate and projects proposed to be financed, it is impossible for the public or City Commission to evaluate the wisdom of the refinancing/refunding loan.
Nevertheless, the agenda item will go to public hearing with a dearth of information on July 22.
COUNTY TO RUN LOCAL ELECTIONS
A public hearing will be held on an ordinance that will give the responsibility of running the City’s elections for city-commission seats and the municipal judgeship to the Sierra County Clerk.
Currently the City runs its own elections in March in even-numbered years.
The State passed a law July 2019 allowing cities to “opt-in” to the county running their elections, switching their election schedule to match the state-level elections calendar to odd-numbered years.
The City had to advertise the opt-in ordinance twice. The first ordinance added one year and nine months to the City Commissioners’ terms to match the odd-year state election calendar. This was deemed too long by the City Commission.
The second ordinance lopped off three months from the City Commissioners’ terms to meet the state election calendar, which is the version going to public hearing July 22.
RIO GRANDE TRAIL PROJECT
About a month ago the City Commission voted to accept a $50,000 planning grant to assess the feasibility of doing a Rio Grande Trail Project.
No information about the project was given to the public or City Commission, although Mayor Sandra Whitehead said it has “been talked about for years.”
Evidently National State Parks Outdoor Recreation Planner Attila Bality is working with the City on the project, because he is giving a presentation on it at the July 22 meeting.
SURVEY ON UTILITY BILL TO DETERMINE CITY COMMISSION MEETING TIME
City Commissioner Randall Aragon put an item on the agenda that proposes a survey to be included in residents’ utility bill.
The survey question asks residents if City Commission meetings should continue to be held at 9 a.m., or be changed to 6 p.m.
In prior discussions it was proposed one meeting a month be in the morning for retirees and one be in the evening for those who work. Evidently Aragon has simplified what was discussed to morning or evening meetings.
This is an action item.
HOW TO ATTEND AND PROVIDE PUBLIC COMMENT
Submission for public input shall be submitted by email to torcpubliccomment@torcnm.org, by fax at (575) 894-6690, or a hard copy can be dropped off at the City Clerk’s Office at 505 Sims Street, Truth or Consequences, NM.
Please submit any input you may have by Monday, July 20, 2020
There will be a limited amount of in-person attendance allowed in the Chambers based on Covid safe practices.
The meeting will be broadcast live through KCHS on 101.9 FM. You may also access the meeting using the information listed below:
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/809791565
You can also dial in using your phone.
United States: +1 (872) 240-3212 Access Code: 809-791-565
New to GoToMeeting? Get the app now and be ready when your first meeting starts:
https://global.gotomeeting.com/install/809791565