The Santa Fe mayor has pulled a controversial bond proposal from the table.
Mayor Alan Webber wanted to ask taxpayers to approve $60 million in bond money to pay for road improvements and new fire department facilities.
If approved, the money would have increased property taxes in Santa Fe.
However, after a discussion, councilors and the mayor expressed concern it wasn’t the right time to ask taxpayers for more money.
The city recently had an audit performed, revealing it was at high risk of fraud.
It also submitted it’s required audit more than six months late.
City leaders ultimately decided they need to do some financial housekeeping first.
“We have a long way to go to fix up our finances. I think we’re still in a building year as far as creating the city government we all want to be leading,” said Mayor Webber.
There will still be new money coming in to fix roads.
The council has already approved a bond to be paid through gross receipts tax.
The move will not raise the tax but keep it the same at nearly 8.5 percent.