Progress monitoring is an ongoing process that begins immediately after the intervention plan is put into place.
The city was expecting a big chunk of money from the feds this year, but new paperwork shows theyâre suggesting the project gets almost $20 million less than the city budgeted for. The city of Albuquerque expects $69-million for federal funding this year for ART.
Alternate Uses. Some states, such as New Mexico, are looking to their permanent fund as a potential source of borrowing. New Mexicoâs permanent fund holds approximately $14 billion in revenue from leasing mineral and land rights along with severance taxes on natural gas and oil.