Skip to main content
915 TLDR

budget

6 articles with this tag

Articles tagged with budget

KVIA•Jan 1

New York's New Mayor Faces Daunting Affordability Challenges Ahead

Zohran Mamdani, recently elected as New York City's mayor, has a monumental task ahead of him as he aims to address the city's severe affordability crisis. With median rents exceeding $5,400 and 100,000 residents relying on shelters, his agenda includes freezing rents and building 200,000 affordable homes. However, he faces significant hurdles, including a $6.5 billion budget gap projected for 2027 and the need for state approval to raise taxes on the wealthy to fund his initiatives. Mamdani's success will depend on mobilizing grassroots support to push for his progressive policies amidst a challenging economic landscape.

Politics politics budget
1 min read
KVIA•Dec 31

Zohran Mamdani Begins His Tenure as New York's Youngest Mayor Amid Challenges

Zohran Mamdani, at 34, has officially taken office as New York's youngest mayor in a century, facing immediate challenges related to housing affordability. With a commitment to finalize key appointments before the New Year, Mamdani's administration is still a work in progress, raising concerns about the pace of his transition. His focus on building a diverse coalition has led to delays, but he has made some strategic appointments, including leaders for major city agencies. As he prepares for the budget season starting in January, several critical positions remain unfilled, including the Commissioner of Transportation, essential for his proposed transit initiatives.

Politics budget new-mayor
1 min read
KVIA•Dec 30

Car Rental Prices in El Paso Stabilize Amid Market Growth

Car rental prices in El Paso are stabilizing as the market expands, with a projected global value of $108 billion by 2029. The U.S. car rental market is expected to grow at a steady annual rate of 7.5%, primarily driven by leisure travel. Although prices are forecasted to rise modestly by 1.5%-1.9% in 2025, they have actually decreased by 4.8% year over year, thanks to increased competition and improved supply chains. Travelers can benefit from affordable options, particularly compact and economy cars, which comprise over 30% of rentals. Online booking discounts are also recommended for budget-conscious consumers.

Business economy budget
1 min read
KTSM•Dec 24

New Mexico's Budget Proposal Shields Against Federal Cuts and Boosts Spending

New Mexico Governor Michelle Lujan Grisham has unveiled her last budget proposal, which aims to safeguard the state from potential federal budget reductions while ensuring a robust financial reserve. The proposed budget totals $11.33 billion, reflecting a 4.6% increase from the previous year. This financial strategy is crucial for maintaining the state's fiscal health and addressing future needs. Stakeholders in New Mexico should pay attention to how this budget may impact local services and programs.

Politics budget new-mexico
1 min read
El Paso Matters•Dec 22

Betsy Keller forgoes pay raise to support El Paso County employees amid budget issues

El Paso County Chief Administrator Betsy Keller has decided to forgo a pay raise following a successful performance evaluation, highlighting her commitment to the county's budget constraints. The decision comes as the county has not approved salary increases for most employees over the past two fiscal years, except for sheriff's officers under collective bargaining agreements. Keller, who has served in her role since 2016, emphasized the importance of equity among employees, stating that she would not feel right accepting a raise while others do not. The county recently approved three bond proposals totaling $155 million for various improvements, showcasing Keller's leadership in managing these projects effectively.

Politics budget county-administration
1 min read
El Paso Matters•Dec 16

Ysleta ISD Faces Enrollment Crisis and Budget Deficits Amid Declining Birth Rates

Ysleta Independent School District (YISD) is grappling with a significant drop in student enrollment, losing approximately 1,400 students, or 4%, for the 2025-26 academic year. This decline, which has accelerated since the COVID-19 pandemic, has prompted the district to reassess its budget, resulting in a projected $19.5 million deficit for the current school year. The decrease in kindergarten enrollment, which has fallen by 25% to around 1,950 students, is particularly concerning as it indicates long-term implications for funding and planning. YISD's financial struggles are compounded by reduced state funding linked to attendance, leading to cost-cutting measures such as limiting hiring and renegotiating contracts. With the district's reserves dwindling, stakeholders are urged to stay informed about upcoming budget updates and potential impacts on staff compensation.

Education enrollment budget
1 min read