More Borrowing Encouraged by NM "Coalition"

A coalition of elected officials, environmentalists and labor unions is urging New Mexico's congressional leaders to throw their support behind the reauthorization of a federally sponsored federal "jobs" bill. According to the group, through additional federal borrowing, millions of dollars of water system improvements might be obtainable for New Mexico.

The coalition released a report Monday indicating that more federal borrowing for water management systems across the country, including those in New Mexico, could lead to billions of dollars of debt and the possibility of temporary employment.

The chairman of the Albuquerque Bernalillo County Water Utility Authority, Art de la Cruz, indicated that the utility had not independently planned for the need of more than $200 million in water treatment upgrades. And according to a story published on the KOB TV website, de la Cruz indicated that the timing for politicizing the decision to borrow money for infrastructure investment was appropriate. 

More Borrowing Encouraged by NM "Coalition"