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City debates PILOT transfers from water utility to general fund
City officials clash over transfers totaling five fees and 840000 in PILOT money moved from the water and wastewater utility to the general fund. Councilor Wilkins questions legitimacy, arguing funds should support water services. officials defend the moves as proper enterprise fund accounting to reflect true costs and avoid distorting water rates.
MENTIONED IN THIS ARTICLE
Chuck Wilkins
Annemarie Garcia
Peter Wells
Garcia
Financial Services
Dan Olsen
John Craig
Keith Riesberg
Wells
G&a
Wilkins
Tlson
Olsen
PNM
New Mexico Gas Company
Cable One