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Thursday, August 14, 2003

Santa Ana Pueblo in New Mexico owes $87.6 million in debt but tribal officials aren't worried about paying it off, The Albuquerque Journal reports.

The tribe sought $62 million in state financing to restructure its debt payments. But Gov. Bill Richardson (D) vetoed the deal last week after questions were raised.

The tribe has experienced a financial downturn in the past couple of years but has never missed a payment on its current debt, Pueblo Gov. Myron Armijo said. The tribe has had to delay some accounts payable to make ends meet, he said.

Santa Ana Pueblo Doesn't Fear Shortfall (The Albuquerque Journal 8/14)

Related Stories:
N.M. tribe seeks $62M state loan to pay off debts (07/29)
N.M. tribe sanctions leaders for financial misdeeds (06/05)
Pueblo makes massive casino lay offs (10/18)
Pueblo blamed for failed deal (04/08)
Pueblo sues former lawmaker over deal (03/04)

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