Payment foul-up strains Valencia budget

KRQE TV

Updated: Sep 18, 2012 5:17 PM

LOS LUNAS, N.M. (KRQE) — Valencia County is in a tight financial situation and is putting the brakes on any spending that's not absolutely necessary.

This comes after the Internal Revenue Service demanded payment for $30,000 in outstanding taxes due from 2007 to 2010.

New County Manager Bruce Swingle says the shortfall results from a miscalculation.

He also says the county owed about $20,000 in other unpaid bills.

Swingle sys with the property tax coffers near empty, they've had to crack down on spending and shuffle around funds to make sure necessary services aren't compromised.

Swingle says the situation will ease in November when property tax payments start coming in.
 

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