The City of Albuquerque's $1.26 billion operating budget got a nearly $60 million federal boost.
Albuquerque Mayor Tim Keller signed the 2022 Recovery Budget as well as the Albuquerque Rescue Plan, which will add $59.8 million in federal recovery funding, on June 1.
“Through our operating budget and the Albuquerque Rescue Plan, we are focused on addressing fundamental priorities, making Albuquerque a safer, healthier, and more resilient city,” Keller said in a press release. “With this legislation signed today, we aim to take full advantage of the opportunity to rebound from the pandemic, address crime from all sides, provide direct relief to local businesses, create good jobs while building the city’s infrastructure, and make the largest investment in public health and solutions for the unhoused the city has ever seen."
Albuquerque Mayor Tim Keller signed the 2022 Recovery Budget as well as the Albuquerque Rescue Plan, which will add $59.8 million in federal recovery funding, on June 1.
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According to the press release from the mayor's office, the FY22 budget alone will fully fund top city priorities without having to raise taxes.
Funding will focus on public safety, reinvigorating the economy, public health, housing and a city safety net, sustainability, supporting the workforce through youth programs and reasonable cost of living adjustments.
Public safety alone accounts for more than 45% of the city's general fund budget and includes $7.7 million for the newly-established Albuquerque Community Safety Department in addition to $1 million to both new lighting for downtown and violence intervention programs.
Investments to drive economic recovery include $8 million in direct grants to businesses, a $6 million investment in the Local Economic Development Act fund and a $2 million investment to promote tourism.