Published: 4:52 pm, Sun. Jan. 28th, 2018Updated: 4:51 pm
At an emergency meeting called Saturday afternoon in Carlsbad, the Eddy County Commission voted to approve $4 million in funding to repair the infamous brine well located beneath Carlsbad’s “South Y” junction.
The well has been the source of much panic in Carlsbad in recent years due to its potential for collapse.
The Carlsbad City Council called an emergency meeting Friday to approve a $4 million contribution over the next three years that the Carlsbad Brine Well Remediation Advisory Authority says would – when combined with state funds – cover the bulk of the estimated cost of the well’s remediation.
The county commission voted unanimously Saturday to match that contribution.
The money will likely be meted out of the county’s Reserve Fund, leaving commissioners on the hook to replace it.
Commissioner Larry Wood of Artesia says while a gross receipts tax increase would seem the most obvious way, the recent backlash from residents over the county’s last attempt to raise the GRT would point to that method being problematic.