logo
Santa Fe County commissioners adopt $305 million interim budget

Santa Fe County commissioners adopt $305 million interim budget

Yahoo28-05-2025
Santa Fe County commissioners voted unanimously Tuesday to approve a roughly $305 million interim budget for the upcoming fiscal year.
The budget invests in county employees, said County Manager Greg Shaffer, and includes $665,644 to hire six new sheriff's deputies. After the state approves the interim budget, which is due June 1, it will come back to county commissioners, who can tweak it before voting to pass a final budget in July. The final budget will also include capital and maintenance budgets, which weren't addressed on Tuesday.
Commissioners have been holding budget hearings with county departments this month, and the $305 million budget total is likely to grow. This month, Shaffer said potential rollovers from the current budget not included in the sum could total as much as $68.1 million. Commissioners are expected to take up a rollover budget adjustment resolution in September.
Commissioners unanimously approved a $347 million interim budget in May 2024 for the current fiscal year. Ultimately, the budget for the 2025 fiscal year was adjusted to $355 million, county spokesperson Olivia Romo wrote in an email.
In a recent interview, Shaffer said the rollover amounts make it difficult to evaluate whether the county's overall budget for the next fiscal year will be higher or lower than this year.
"Due to the uncertainty of the rollover amount (described previously), we cannot provide you with a definitive percentage," Romo wrote in an email Tuesday. "After the rollover is budgeted in September, we anticipate the FY2026 operating budget (excluding transfers and capital and maintenance projects) to be 0% to 5% above the FY2025 operating budget (excluding transfers and capital and maintenance projects)."
According to a county document, departments with significant budgets include the sheriff's office at $22.7 million, the County Manager's Office $34.9 million, and the Corrections Department at $28.7 million. The County Manager's Office — which includes the Finance, Human Resources, and Information Technology divisions — is responsible for preparing the budget and providing the commission with the information needed to make decisions.
Commissioners approved the interim budget after about five minutes of discussion, thanking county administration for the new deputy positions.
"This is a concern for all of our constituents. I think we all hear it," said Commissioner Justin Greene.
The budget is also expected to include previously allocated funds for the development of a youth behavioral health services facility that will bring scattered providers under one roof. Currently, the county is identifying locations for at least a 20,000-square-foot facility with $7.3 million in dedicated funding.
The interim budget includes $120,000 for trauma-informed training and planning services for county employees.
"[I want] to also thank the county manager and the Community Services Department for considering the suggestion for trauma-informed training and consultation, and I think it's really going to help us," said Commissioner Lisa Cacari Stone.
The proposed budget also includes funds for pay raises for both union and nonunion employees, as well as funds for collective bargaining negotiations with the Santa Fe Regional Emergency Communications Center and AFSCME 1413-M bargaining units, which represents medical employees at the jail.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Snow Lake Comments on Impacts of White House AI Plan on Nuclear Energy and Domestic U.S. Uranium Mining
Snow Lake Comments on Impacts of White House AI Plan on Nuclear Energy and Domestic U.S. Uranium Mining

Yahoo

time16 hours ago

  • Yahoo

Snow Lake Comments on Impacts of White House AI Plan on Nuclear Energy and Domestic U.S. Uranium Mining

Winnipeg, Manitoba--(Newsfile Corp. - July 24, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides comment on the White House AI Plan1 that specifically prioritizes the deployment of reliable power sources, such as nuclear energy, to underpin U.S. artificial intelligence ("AI") ambitions. Highlights The White House today released its AI plan entitled "Winning the Race - America's AI Action Plan" (the "AI Plan") The AI Plan focuses on building out American AI infrastructure as quickly as possible, and in particular, new energy sources at the technological frontier, such as advanced nuclear reactors The AI Plan reinforces the U.S. Administration's four executive orders (the "Nuclear Executive Orders") issued on May 22, 2025, designed specifically to accelerate the deployment of nuclear energy in the U.S. as the AI arms race between the U.S. and China continues to heat up The combined effect of the AI Plan, the Nuclear Executive Orders, and other executive orders targeting the domestic production of uranium, will help fast-track Snow Lake's Pine Ridge uranium project development timelines CEO Remarks "As we have commented previously, the world, and in particular the U.S., needs new uranium mines," said Frank Wheatley, CEO of Snow Lake. "As the current U.S. Administration continues to adopt policies designed to advance U.S. interests in AI, and to support the deployment of nuclear energy to underpin the vast demand for electricity from AI and its associated data centers, the U.S. will need new sources of primary uranium." Mr. Wheatley continued: "We firmly believe that with the release of the AI Plan, when combined with the ongoing U.S. Administration support for the rapid deployment of nuclear energy, and the acceleration of domestic U.S. production of uranium, we have an opportunity to fast-track the development of our Pine Ridge uranium project in Wyoming." White House AI Plan The White House released its AI Plan today, which is an action plan designed to enable the U.S. to achieve global dominance in AI. The AI Plan has three pillars: Innovation Infrastructure International diplomacy and security Of particular interest to Snow Lake is the second pillar – infrastructure. As the AI Plan states: "We need to build and maintain vast AI infrastructure and the energy to power it." The AI Plan goes on to provide that power sources need to be deployed as quickly as possible and embrace new energy generation sources at the technological frontier – including advanced nuclear reactor technology. With such strong support for the deployment of both conventional, and advanced, nuclear reactor technology, the U.S. will require more uranium. When coupled with the U.S. Administration's Executive Order of March 20, 2025 entitled "Immediate Measures to Increase American Mineral Production"2, these policies provide the tailwinds for Snow Lake to fast-track the development of the Pine Ridge uranium project to contribute to the U.S.'s needs for more primary uranium. About Snow Lake Resources Ltd. Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on (NASDAQ: LITM), with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law. Contact and InformationFrank Wheatley, CEO Investor RelationsInvestors:ir@ Follow us on Social MediaTwitter: 1 2 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

3 Promising Asian Penny Stocks With Market Cap Below US$3B
3 Promising Asian Penny Stocks With Market Cap Below US$3B

Yahoo

timea day ago

  • Yahoo

3 Promising Asian Penny Stocks With Market Cap Below US$3B

As Asian markets navigate a landscape marked by economic shifts and evolving trade dynamics, investors are increasingly eyeing opportunities within smaller-cap equities. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials. Top 10 Penny Stocks In Asia Name Share Price Market Cap Financial Health Rating Lever Style (SEHK:1346) HK$1.44 HK$908.57M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$2.18 HK$3.77B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.45 HK$2.04B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.475 SGD192.51M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.16 HK$1.94B ★★★★★★ T.A.C. Consumer (SET:TACC) THB4.64 THB2.78B ★★★★★★ China Sunsine Chemical Holdings (SGX:QES) SGD0.675 SGD643.53M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.49 SGD9.8B ★★★★★☆ Ekarat Engineering (SET:AKR) THB0.96 THB1.41B ★★★★★★ BRC Asia (SGX:BEC) SGD3.60 SGD987.66M ★★★★★★ Click here to see the full list of 973 stocks from our Asian Penny Stocks screener. Let's explore several standout options from the results in the screener. Tibet Water Resources Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Tibet Water Resources Ltd. is an investment holding company involved in the production and sale of water and beer products in the People's Republic of China, with a market cap of HK$2.25 billion. Operations: The company's revenue is derived from its beer segment, which generated CN¥137.33 million, and its water segment, contributing CN¥87.52 million. Market Cap: HK$2.25B Tibet Water Resources Ltd. faces challenges as it remains unprofitable, with a negative return on equity of -24.12%. Despite this, the company has managed to reduce its debt-to-equity ratio from 37.2% to 27.5% over the past five years and maintains satisfactory net debt levels at 15.7%. Short-term assets of CN¥1.7 billion comfortably cover both short-term and long-term liabilities, indicating solid liquidity management. Recent board changes saw Mr. Chen Di appointed as chairman, bringing extensive financial industry experience that may influence future strategic directions amidst ongoing volatility in share prices and market valuation below estimated fair value. Dive into the specifics of Tibet Water Resources here with our thorough balance sheet health report. Gain insights into Tibet Water Resources' historical outcomes by reviewing our past performance report. CNNC Hua Yuan Titanium Dioxide Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: CNNC Hua Yuan Titanium Dioxide Co., Ltd, along with its subsidiaries, specializes in the production and sale of rutile titanium dioxide products both domestically and internationally, with a market cap of CN¥15.71 billion. Operations: CNNC Hua Yuan Titanium Dioxide Co., Ltd focuses on producing and selling rutile titanium dioxide products without specific reported revenue segments. Market Cap: CN¥15.71B CNNC Hua Yuan Titanium Dioxide Co., Ltd shows a mixed picture for investors exploring penny stocks. The company has demonstrated robust earnings growth of 27.2% over the past year, outpacing the broader chemicals industry. Despite this, its return on equity remains low at 4.6%, and debt coverage by operating cash flow is inadequate at 13.8%. However, CNNC's short-term assets significantly exceed both short-term and long-term liabilities, reflecting strong liquidity management. Recent strategic moves include a share buyback program worth CN¥193.7 million and amendments to its articles of association to optimize capital allocation strategies further. Unlock comprehensive insights into our analysis of CNNC Hua Yuan Titanium Dioxide stock in this financial health report. Review our historical performance report to gain insights into CNNC Hua Yuan Titanium Dioxide's track record. Nanfang Pump Industry Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Nanfang Pump Industry Co., Ltd., with a market cap of CN¥7.24 billion, operates in the general equipment manufacturing sector through its subsidiaries. Operations: Nanfang Pump Industry Co., Ltd. does not report specific revenue segments. Market Cap: CN¥7.24B Nanfang Pump Industry Co., Ltd. presents a complex case for penny stock investors. The company has managed to maintain stable weekly volatility at 4% and boasts an experienced management team with an average tenure of 4.3 years, which may appeal to cautious investors. However, its return on equity is low at 7.7%, and the net debt to equity ratio stands high at 55.1%, indicating significant leverage concerns despite operating cash flow covering debt well (26.5%). While short-term assets comfortably cover liabilities, recent earnings have seen a decline of 21.7%, contrasting with positive growth forecasts of 27.24% annually. Click to explore a detailed breakdown of our findings in Nanfang Pump Industry's financial health report. Explore Nanfang Pump Industry's analyst forecasts in our growth report. Summing It All Up Explore the 973 names from our Asian Penny Stocks screener here. Looking For Alternative Opportunities? These 16 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1115 SZSE:002145 and SZSE:300145. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

ASX Penny Stocks Spotlight Delta Lithium And Two Others
ASX Penny Stocks Spotlight Delta Lithium And Two Others

Yahoo

timea day ago

  • Yahoo

ASX Penny Stocks Spotlight Delta Lithium And Two Others

Australian shares are set to open slightly higher, with the ASX 200 futures showing resilience amid global trade discussions, particularly between the U.S. and EU. In this context of international negotiations and market fluctuations, investors may find value in exploring smaller or newer companies that fall under the category of penny stocks—a term that might seem outdated but remains relevant for those seeking unique investment opportunities. These stocks can offer a blend of potential growth and financial stability, making them intriguing options for investors looking to uncover hidden value within the Australian market. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.25 A$106.14M ★★★★★★ GTN (ASX:GTN) A$0.615 A$117.26M ★★★★★★ IVE Group (ASX:IGL) A$3.05 A$470.25M ★★★★★☆ West African Resources (ASX:WAF) A$2.42 A$2.76B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.81 A$478.58M ★★★★★★ Regal Partners (ASX:RPL) A$2.64 A$887.63M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.80 A$882.14M ★★★★★☆ CTI Logistics (ASX:CLX) A$1.915 A$154.24M ★★★★☆☆ Click here to see the full list of 464 stocks from our ASX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Delta Lithium Simply Wall St Financial Health Rating: ★★★★★★ Overview: Delta Lithium Limited engages in the exploration and development of lithium and gold properties in Western Australia, with a market capitalization of A$121.81 million. Operations: Delta Lithium Limited has not reported any revenue segments. Market Cap: A$121.81M Delta Lithium Limited, with a market cap of A$121.81 million, is pre-revenue and currently unprofitable. Despite this, it maintains a sufficient cash runway for over a year based on current free cash flow. The company has seen no significant shareholder dilution recently and remains debt-free with short-term assets exceeding both short-term and long-term liabilities. However, earnings are forecast to decline by 42.5% annually over the next three years. Recent board changes include the resignation of Director Tim Manners, but the board composition is deemed appropriate without an immediate replacement needed. Jump into the full analysis health report here for a deeper understanding of Delta Lithium. Learn about Delta Lithium's future growth trajectory here. LaserBond Simply Wall St Financial Health Rating: ★★★★★★ Overview: LaserBond Limited is a surface engineering company in Australia that focuses on improving the performance and longevity of machinery components, with a market cap of A$56.47 million. Operations: The company generates revenue through three primary segments: Products (A$14.17 million), Services (A$25.27 million), and Technology (A$2.56 million). Market Cap: A$56.47M LaserBond Limited, with a market cap of A$56.47 million, operates across Products, Services, and Technology segments. The company is debt-free and has a seasoned management team with an average tenure of 4.7 years. Short-term assets (A$22.6M) exceed both short-term (A$9.6M) and long-term liabilities (A$12M), indicating financial stability despite recent negative earnings growth (-35.4%). Profit margins have declined from 11.1% to 6.8%, yet high-quality earnings are maintained with no significant shareholder dilution over the past year. Earnings are projected to grow by 48% annually, suggesting potential for future profitability improvements in this volatile sector. Navigate through the intricacies of LaserBond with our comprehensive balance sheet health report here. Explore LaserBond's analyst forecasts in our growth report. Mach7 Technologies Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Mach7 Technologies Limited offers enterprise imaging data sharing, storage, and interoperability solutions for healthcare enterprises globally, with a market cap of A$101.04 million. Operations: The company's revenue is derived from Software Licenses (A$17.32 million), Professional Services (A$3.92 million), and Maintenance and Support (A$12.28 million). Market Cap: A$101.04M Mach7 Technologies Limited, with a market cap of A$101.04 million, focuses on healthcare imaging solutions and expects revenue between A$33 million and A$34 million for the fiscal year ending June 2025. Despite being unprofitable with negative return on equity (-9.98%), the company maintains financial stability with short-term assets (A$34.9M) exceeding both short-term (A$14.8M) and long-term liabilities (A$5.3M). Mach7 is debt-free but has an inexperienced management team averaging 0.1 years in tenure, while its board is more seasoned at 5.5 years average tenure, suggesting potential governance strength amidst operational challenges. Unlock comprehensive insights into our analysis of Mach7 Technologies stock in this financial health report. Examine Mach7 Technologies' earnings growth report to understand how analysts expect it to perform. Next Steps Unlock our comprehensive list of 464 ASX Penny Stocks by clicking here. Curious About Other Options? Uncover 16 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DLI ASX:LBL and ASX:M7T. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store