Regional economic group gets budget approval | Local News
The 2022-2023 budget for the Southeast New Mexico Economic Development District/Council of Governments has been approved by its Board of Directors.
The district works with approximately 26 counties and municipalities in five southeast counties and with the Mescalero Apache Tribal Government to engage in regional and long-term economic planning, fund acquisition and infrastructure growth and improvements .
The group forecasts balanced income and expenses of $527,390.
Chief executive Dora Batista said revenue was down from $593,464 a year earlier. The decrease is due to the expiration of pandemic-related federal funding through the Coronavirus Aid, Relief, and Economic Security Act.
Current year revenue includes $120,000 in state statutory funds, which EDD intends to use to pay two consultants for their work for the district and its members regarding capital expenditures, economic resilience planning and grant writing.
Membership dues are expected to total $102,790, while Federal Economic Development Administration funding of $70,000 has been budgeted. The district will also receive a state appropriation of $99,000 as one of seven regional economic development groups in the state. He also plans to have other grants of around $130,000.
Expenses are expected to remain about the same as the previous year, Batista said, although salaries rose 5% due to a cost-of-living adjustment. She said the increase was about $20,000, for a total of $216,585 in 2022-23.
The travel budget has also increased by around $5,000 this year to a total of $20,000 now that more travel is allowed as pandemic concerns and restrictions ease.
The board voted to approve the budget at its Friday morning meeting.