County approves interim fiscal year 2018 budget
AZTEC — The San Juan County Commission unanimously approved an interim budget for fiscal year 2018, which starts in July, during a meeting today in Aztec.
The budget projects about $93.7 million in revenue and more than $126 million in expenditures, County Finance Officer Jim Cox told commissioners during the meeting. The county is required to submit the interim budget to the state by June 1.
Cox said the budget projects that gross receipts tax revenue will remain flat, but it projects a $620,000 increase in revenue from property tax. Cox said the county is also expecting additional production of oil and gas.
Cox said the interim budget is 2.5 percent less than the fiscal year 2017 interim budget.
While the commission approved the interim budget, officials are concerned about what impact a special legislative session next week could have on local funding for fiscal year 2018.
"This is really contingent on what the state does next week in their very special session," commission Chairman Jack Fortner said.
County Executive Officer Kim Carpenter said he does not know what to expect from the special session that starts May 24 in Santa Fe.