ALBUQUERQUE (KRQE) – Bernalillo County is calling in outside experts to undo the bad investments made by Treasurer Manny Ortiz.
Ortiz is accused of mishandling finances, leaving the county nearly $23 million in the hole. The result a $5 million cut from this year’s budget.
That mean jobs are going unfilled and projects being delayed.
The county now has a four year $146,000 contract with a Denver-based firm of advisors to help with future investment strategies.
As for the county treasure, there’s currently a petition to have him recalled.