Navajo Nation Leader Addresses Crisis Amid Portfolio Declines
Navajo Nation President Joe Shirley Jr. warned of a worsening financial crisis during the fall session addressing the state of the nation. He cited a nearly 240 million dollar drop in the trust portfolio, an 810 million decline in the retirement portfolio, and substantial losses in individual 401k accounts, stressing prudent money use to shield resources.
MENTIONED IN THIS ARTICLE
United States
Navajo: Nation’ Council
Joe Shirley
Shirley
Permanent
New Mexico plan may cost Navajo Nation capital funds
Gov. Richardson unveils an emergency plan to save up to 300 million by cutting stalled capital projects. He says state revenue will fall about 344 million below estimates, with 8 million of Navajo Nation funds at risk of reverting to the state. Bates and Lovejoy referenced 53 projects under the Master Intergovernmental Agreement.
MENTIONED IN THIS ARTICLE
Rock
New Mexico
Bill Richardson
Richardson
LoRenzo’ Bates
New’ Mexico
Lynda
Lovejoy
Norther Agency
Navarjo Nation
Bates
Upper Fruitland
Navajo Council Delays Legislation Over Unused Fund Balance
The Navajo Nation Council session shows the Undesignated Unreserved Fund Balance at zero, halting new supplemental appropriation legislation. Speaker Lawrence Morgan and Controller Mark Grant display the empty balance. items like the Division of Veterans Services and the Unauthorized Recording Act of 2007 are removed from the agenda. President Joe Shirley Jr. delivers the State of the Nation address as Morgan presents the Fourth Quarterly Report from the Legislative Branch.
MENTIONED IN THIS ARTICLE
Lawrence Morgan
Mark Grant
UUEB
Grant
Veterans Services
Joe Shirley’ Jr
Morgan’ s.Fourth Quarterly
Council
National US elections week set for general vote
Voters nationwide will go to the polls next week to elect the President and determine the U S Senate and House races along with constitutional amendments. Absentee and early voting are underway with deadlines set by the Cibola County clerk. Ballots received after November 4 will not count, says elections coordinator George Feuille.
MENTIONED IN THIS ARTICLE
United. ‘States
House
Cibola
Clerk’s
Gang Burglars Enter Gallup Home Invasions
A busy weekend in Gallup saw three men entering a residence at 808 Kevid Drive while residents were home, stealing a game console, jerseys, a cell phone, DVDs and more valued at 1600 dollars. Garcia and Chicharello were later arrested for aggravated burglary and related charges after a chaotic pursuit. Garcia sustained a broken nose and seven stitches. A separate early Monday morning incident involved Leland Anthony, 23, with another unspecified commercial burglary.
MENTIONED IN THIS ARTICLE
Gallup
Kevid Drive
Jacoby
McBroom Garcia
Cindy Romianillo
Mario D. Chicharello
Garcia
Chicharello
Romancilo
Gallup McKinley Adult Detention Center
Red Rock Laundromat
E. 66 Avenue
Lance Owens
Tyrone White
NCI
White
Also Mentioned on This Page
Navajo
Nation
Joe Shirley, Jr
Lawrence’ ‘Morgan
Brian
Leddy
McKinley County
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