Judge sides with Bernalillo County Commission in hiring dispute
Stover left office Dec. 31, and the next day had a job offer for the position of deputy treasurer, under Eichenberg. Bernalillo County commissioners argued that this violated a mandatory "cooling-off period" of one year before an elected official could be rehired at the county.
A judge agreed.
The order was supposed to put an end to a monthslong hiring dispute between Eichenberg and the county commission. Instead, Eichenberg said Tuesday that he is ready to appeal.
"I just don't believe the commission has the right to tell me who I can or can't hire," Eichenberg said.
Prior to her appointment as deputy treasurer, Stover had served as county clerk for eight years. Stover was offered a $128,265 salary, a 30% pay bump from her position as county clerk. Stover did not say whether she would resign due to the order.
"I am very, very disappointed," Stover said of the decision Tuesday.
When Eichenberg announced he would hire Stover one day after Stover reached her term limit, Commissioners Barbara Baca and Eric Olivas raised ethics concerns. In February, the commission filed a complaint with the County Code of Conduct Review Board seeking an ethics investigation.
The board ruled on May 13 that Stover violated the county's code of conduct in accepting the position. A week and a half later, Eichenberg filed a petition in 2nd Judicial District Court arguing that state statute allowed him to hire Stover. Eichenberg also argued that the supermajority clause, which required a 4-1 vote to appeal or change the cooling-off rule, violated the state Constitution.
On July 10, Judge Joshua Allison ruled that both of Eichenberg's arguments were "without merit."
However, with the appeal on the horizon, Stover's fate at the county is uncertain.
"I felt matters were resolved," Olivas said. "That (appeal) is a frivolous use of taxpayer money to have a treasurer suing the commission multiple times when he's already lost in three different arenas."
Solve the daily Crossword
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Mass Shooting in Los Angeles Kills Two People and Injures Six After Music Festival
A mass shooting in downtown Los Angeles has left two people dead and six injured in the early hours of Monday following the Hard Summer music festival, the Los Angeles Police Department confirmed to The Hollywood Reporter. A 'large party' in the 1100 block of 14th Place was first shut down around 11 p.m. on Sunday after officers saw a person possibly armed with a gun go inside the venue. The person was arrested at the scene, according to the LAPD. More from The Hollywood Reporter Sabrina Carpenter Grooves With Surprise Guest Earth, Wind & Fire at Lollapalooza Oasis Fan Dies After Falling During Concert at London's Wembley Stadium Jeannie Seely, "Don't Touch Me" Singer and Longtime Grand Ole Opry Host, Dies at 85 At around 1 a.m. on Monday, officers were dispatched back to the area following reports of gunfire. The officers found eight people were shot upon their arrival. One man was declared dead at the scene and seven others were taken to the hospital. One woman later died from her injuries while at the hospital. An investigation into the shooting is ongoing. The LAPD couldn't confirm that the party was related to the Hard Summer music festival, though the Los Angeles Times reported that a social media post promoting the event referred to the celebration as an after party for the festival. Hard Summer is a house and techno music festival that took place on Saturday and Sunday at Hollywood Park, which is next to SoFi Stadium. The 2025 event's lineup included musical acts Busta Rhymes, Dom Dolla, Barry Can't Swim, Feid, Four Tet, Kaytranada, Ladies of Leisure, Linska, Marlon Hoffstadt, Riordan, Trace, Alex Chapman + Zoe Gitter, Athen, BB Shaine, Dara Genesis, Floating Points Live and more. The two day festival included performances that took place across seven stages. In addition to the music sets, the event hosted several pre-parties and after parties that were promoted on the website. The music festival hosted four official after parties on Sunday, which all began at 10 p.m. local time. This is a developing story. Best of The Hollywood Reporter From 'Party in the U.S.A.' to 'Born in the U.S.A.': 20 of America's Most Patriotic (and Un-Patriotic) Musical Offerings Most Anticipated Concert Tours of 2025: Beyoncé, Billie Eilish, Kendrick Lamar & SZA, Sabrina Carpenter and More Hollywood's Most Notable Deaths of 2025
Yahoo
30 minutes ago
- Yahoo
Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband
After nearly three decades of marriage, Linda, a 64-year-old nurse from Roanoke, Virginia, says she feels like she's carrying the financial weight of two people. Her husband, also 64, earns about $45,000 a year. Linda makes $115,000. They still owe $180,000 on their home, which is now worth around $400,000. She wants to pay it off before retirement. He refuses. Separate Accounts, Separate Lives 'He just does not want to pay the house off,' Linda said on 'The Ramsey Show' with Dave Ramsey and John Delony. 'I've tried to put my foot down and say, 'When we retire, we're not going to want a house payment.' But he's definitely not on board with that.' Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The couple keeps their finances mostly separate. They have separate accounts, a house account for bills and groceries, and a joint savings for big repairs. But the rest? Completely divided. She owns two rental properties. He's not involved with either. 'When I bought the first round of property, he didn't want any part of it,' she said. So she just ran it on her own. 'I only owe $12,000 on it, so I'm getting ready to pay it off next.' Her second property, purchased to help her daughter-in-law who was battling cancer, has about $62,000 left on the mortgage. Linda is aggressively snowballing her debts and recently paid off both of their cars. 'He likes his comfy job and he goes to play golf whenever he gets a chance,' she said. 'That's pretty much it.' Trending: $100k+ in investable assets? – no cost, no obligation. This Isn't a Finance Problem The hosts didn't sugarcoat their responses. 'That's not a marriage,' Delony said. 'That's a couple of roommates.' The hosts emphasized that Linda's situation isn't really about money and Delony described the situation as a marriage issue, pointing to the absence of alignment and any shared plan between the couple for handling life's challenges. Ramsey called the financial imbalance and emotional distance between Linda and her husband 'painful.' He said Linda must decide whether to keep going on this path or force a turning point: counseling, confrontation, or separation. Ramsey warned that Linda's husband has no retirement savings of his own, contributes nothing to their financial future, and yet will end up relying on her retirement funds. 'He's going to retire and eat out of your retirement because he doesn't have any retirement,' Ramsey said.A Cautionary Tale For Younger Couples Toward the end of the segment, both hosts turned their attention to younger listeners. 'Please, for God's sake, don't call it love to marry someone that you are not aligned with like that,' Ramsey said. 'That's not love. It's permanent roommate lust.' As for Linda, the hosts weren't hopeful that much would change. 'I wish I'd found you 28 years ago,' Ramsey said. At this stage, it seems likely she will continue managing everything on her own, just as she has for decades. Read Next: The average American couple has saved this much money for retirement —?Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
30 minutes ago
- Yahoo
MMP Capital Closes Inaugural Asset-Backed Securitization with Strong Investor Backing
The successful MMP Capital 2025A securitization highlights growing investor appetite for sector-focused ABS deals. Backed by medical aesthetic loans, the transaction attracted strong institutional interest, enabled pricing advantages, and marked MMP Capital's strategic expansion into public capital markets and new asset Courtesy of MMP Capital FARMINGDALE, N.Y., Aug. 04, 2025 (GLOBE NEWSWIRE) -- MMP Capital has announced the successful closing of its inaugural Asset Backed Securitization (ABS) transaction. The offering, MMP Capital 2025A, issued $192 million in notes backed primarily by loans secured by medical aesthetic equipment contracts. Demand from the institutional investment community exceeded all expectations. The notes drew thirty-five orders from twenty-seven unique investors, and at final pricing were nine times oversubscribed. The oversubscription allowed MMP Capital to substantially tighten spreads from launch to close, indicating deep market confidence in the credit quality of the underlying assets. The senior tranche of the deal earned a Moody's rating of Aa3, signaling a strong endorsement of the structure and asset performance.'MMP Capital 2025A's overwhelming reception underscores the trust and confidence investors have in our business, our differentiated value proposition for customers and partners, and our disciplined approach to risk,' said John-Paul M. Smolenski, CEO of MMP Capital. 'This inaugural ABS marks a pivotal milestone in our strategy to expand our existing business and explore new asset classes.' The company has built a national footprint by providing flexible, high-speed financing tailored to small business needs. Its specialization in the medical aesthetic space has helped establish a consistent asset base, equipment loans with durable collateral and recurring demand that proved attractive to ABS investors. The securitization marks the company's entry into the public capital markets, providing additional liquidity to expand its financing offerings and reach more customers in established and emerging verticals. It also signals institutional recognition of the quality and performance of MMP Capital's portfolio. The strong reception reflects broader investor interest in asset-backed securities tied to high- performing, sector-specific lending platforms. With many ABS markets seeing increased selectivity amid macroeconomic uncertainty, the scale of demand for MMP Capital 2025A stands out. The company's history of underwriting discipline and loan performance helped drive favorable pricing, even as many issuers face more cautious markets. For more information, visit About MMP Capital MMP Capital was founded in 2013 with a mission to be the gold standard in healthcare equipment finance in the U.S. Led by a management team with vast experience in sales, credit, and operations from several banks, leasing companies, and funding institutions, MMP Capital is uniquely equipped as a hybrid lender to lend directly or utilize a vast syndication outlet. The company's financing options for equipment financing, leasing, and unsecured capital offer U.S. businesses the opportunity to invest in their future, update outdated technology, or offer new services to customers. Contact Information Jamie O'ConnorDirector of Marketing & BrandingMMP Capitaljoconnor@ o: (516) 308-6946 | m: (917) 902-7595 | f: (516) 400-2071 A photo accompanying this announcement is available at in to access your portfolio
