NMPolitics - Commentary by Heath Haussamen - There was a lot of debate this week about whether the New Mexico Finance Authority should proceed with the hiring of an independent investigator from outside the state to get to the bottom of its fraudulent audit in an attempt to calm Wall Street’s fears.
Ultimately, State Auditor Hector Balderas and Gov. Susana Martinez are pleased that the NMFA Board cancelled the $1.275 million contract with the Washington law firm Steptoe and Johnson and subcontractors. Both essentially argued that Balderas’ special audit and law enforcement probes should come first – and NMFA had been putting its independent probe before those. Balderas also told the NMFA Board during a special meeting on Wednesday that it could recommend to his office an outside firm to help, and it appears that will happen. The same firm may be rehired – just under new terms agreed to by Balderas. Read full story here:
News New Mexico
NMFA needs to answer questions – now
Ultimately, State Auditor Hector Balderas and Gov. Susana Martinez are pleased that the NMFA Board cancelled the $1.275 million contract with the Washington law firm Steptoe and Johnson and subcontractors. Both essentially argued that Balderas’ special audit and law enforcement probes should come first – and NMFA had been putting its independent probe before those. Balderas also told the NMFA Board during a special meeting on Wednesday that it could recommend to his office an outside firm to help, and it appears that will happen. The same firm may be rehired – just under new terms agreed to by Balderas. Read full story here: News New Mexico
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