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Commission approves $100,000 increase to insurance budget after invoice from New Mexico Counties
Summary
Eddy County commissioners voted unanimously to increase a liability/property insurance line after receiving a New Mexico Counties invoice about $120,000 higher than budgeted; county manager asked the board to approve the adjustment before paying the invoice.
County Manager Mike Gallant told the Eddy County Board of Commissioners that New Mexico Counties issued an invoice for the county’s multilines insurance about $120,000 higher than the amount included in the current budget, and asked the board to authorize a line‑item increase so the invoice could be paid.
Gallant said the county’s liability and property insurance are procured through New Mexico Counties and that during the budget development the exact…
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