Navajo Nation officials are warning of a $15 million shortfall and possible layoffs in the near future.
Controller Mark Grant said the tribe's gross revenue will drop to $138.5 million in the coming fiscal year. Emmitt Francis, director of the management-budget office, said the shortfall could force layoffs of 500 out of 7,000 employees.
Other tribal officials said they could find ways to deal with the issue.
Get the Story:
Navajo Nation may face shortfall of $15 million
(AP 2/17)
General fund will be $15 million short (The Gallup Independent 2/16)
Relevant Links:
Navajo Nation - http://www.navajo.org
Navajo Nation officials warns of shortfall, layoffs
Thursday, February 17, 2005
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