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Mayor praises finance team, warns of long-term infrastructure needs as meeting adjourns
Summary
After adopting budget and reports, the mayor commended finance staff for restoring reserves and said the city must plan to address long-term infrastructure needs; the council adjourned.
After the council adopted three resolutions, the chair delivered closing remarks praising finance staff and calling attention to long-term infrastructure needs.
The chair said Portales is financially stable with healthy reserves and emphasized the challenge of using current financial strength to address decades of infrastructure needs without creating future fiscal problems. He commended Miss Rivera and Mister Mitton for leadership and financial management during the turnaround.
Quote: “Portales is, financially stable with healthy reserves and strong financial position, But we also face major long term infrastructure needs that require a careful planning,” the chair said before adjourning the meeting.
