logo
City of Albuquerque looks to catch up on backlog of needed trash bins

City of Albuquerque looks to catch up on backlog of needed trash bins

Yahoo29-05-2025

ALBUQUERQUE, N.M. (KRQE) –Taking out the trash hasn't been so straightforward for some Albuquerque property owners since last summer. The city's struggled to swap out or fix up busted trash bins. 'We are a little over our general timeline, we like to get those bins out,' said Alex Bukoski, spokesman, City of Albuquerque Solid Waste Department.
Story continues below
Entertainment: First-of-its-kind indoor pickleball facility coming to northeast Albuquerque
Community: Albuquerque church leaning on faith after 2 members killed by their son
Environment: What should New Mexicans do if they come across a raccoon?
For the last year, Albuquerque's been slowly digging itself out of a backlog in replacing the trash bins. 'The supply chains still recovering from COVID, once they get backlogged hard to get back on track,' said Bukoski.
In the past, the city had two suppliers providing tens of thousands of new bins each year. But last fall, city councilors highlighted how long some are waiting for new bins. 'He said he'd been waiting a month for the trash can,' said Albuquerque City Councilor Klarissa Peña last year.
'I just wanted to ask if you could add my request for a bin as well, that I put in on July 29th,' said city councilor Nichole Rogers, last year.
Since then, the city has made some changes. 'Because of these issues that we've been dealing with our supply chain, we actually went and got a third supplier this year,' said Bukoski.
The city said it has around 600 requests for new trash and recycling bins waiting for a response this week. Usually, the Solid Waste Department gets more than a hundred new requests each day. They're waiting on roughly 4,000 more bins to get here in the next few weeks. 'When we get those new bins in, we can start to battle some of that backlog,' said Bukoski.
But the Solid Waste Department reminds people at home that if you've been waiting too long, call the city again because crews are supposed to respond to most calls in two to six weeks. 'Make sure that you're contacting 311, you're getting those status updates. We are doing our best to get those out there as soon as possible,' said Bukoski.
They also said that after someone calls 311, solid waste will always follow up with a call to get more details, like whether the bin should be repaired or replaced. 'We don't want anybody to have a broken trash can or a broken recycling bin. It's unacceptable, and we want to make sure we can fix it. But we also have to make sure we're managing our resources, managing our staffing,' said Bukoski.
The city said a home's first replacement bin is free, but any others will cost $51. That's about $10 less than the city pays for them.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fannie Mae chief Pulte sends savage one-word message to Fed's Powell
Fannie Mae chief Pulte sends savage one-word message to Fed's Powell

Miami Herald

time3 hours ago

  • Miami Herald

Fannie Mae chief Pulte sends savage one-word message to Fed's Powell

There's mounting tension in Washington, D.C. over the Federal Reserve's interest rate policy. After cutting interest rates by 1% late last year, Fed Chairman Jerome Powell has taken a decidedly different tack in 2025, holding interest rates steady, and frustrating many, including President Donald Trump, who wants rate cuts now. President Trump has called Powell a "numbskull" for not reducing the Fed Funds Rate, and "Mr. Too-Late" because of the risk that the Fed's hesitancy will put it behind the curve, possibly causing stagflation or worse, a recession. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Fed's dilly-dallying on rate cuts means homebuyers will have to wait for lower mortgage rates, a fact that hasn't been lost on housing market experts, including Fannie Mae Chairman Bill Pulte, who is also director of the Federal Housing Finance Agency (FHFA). Pulte knows a thing or two about the housing market, given he's the grandson of the founder of the mega homebuilder PulteGroup and formerly served on PulteGroup's board of directors. This week, Pulte targeted the Fed's monetary policy, delivering a harsh rebuke and curt message to Chairman Powell that has raised eyebrows. Image source: Bartkowski/Getty Images The Federal Reserve has an important mission to encourage low inflation and unemployment by raising or lowering the Fed Funds Rate. The FFR is the rate that banks charge each other when lending excess reserve balances overnight. Unfortunately, its dual mandate is easier said than done. Often, low inflation and unemployment are contrary goals. Higher rates lower inflation but increase job losses, while lower rates decrease unemployment but increase inflation. Related: Fed interest rate cut decision resets forecasts for the rest of this year We've witnessed that dynamic in real time over the past five years. At risk of surging unemployment due to the Covid pandemic, the Fed doubled down on its zero-interest rate policy of low rates. The move worked, helping the U.S. avoid a recession or worse. However, low rates (and stimulus payments) caused inflation to spike in 2021. At the time, Fed Chair Powell initially and infamously referred to inflation as 'transitory;' however, he was forced to switch gears and embark on the most aggressive rate hikes since the 1980s after inflation skyrocketed to 8% in June 2022. The higher rates have sent inflation below 3%; however, they've done so at a cost, given emerging cracks in the jobs market. The U.S. unemployment rate has moved up to 4.2% from 3.4% in 2023, and over 696,000 layoffs have been announced this year through May, up 80% year over year, according to Challenger, Gray, & Christmas. There's also increased evidence that the economy is weakening. ISM's latest manufacturing and services PMIs, which measure economic activity, were below 50, suggesting contraction in May. A concerning job market and potential economic slowing aren't great recipes for consumer and business spending, yet the Fed has kept its finger off the rate cut trigger, citing inflation uncertainty amid recently enacted tariffs. Related: Major housing expert predicts huge change to mortgage rates in 2026 Since February, President Trump has placed 25% tariffs on Canada, Mexico, and autos, a 10% baseline tariff on all imports, and stiff tariffs on China, a significant trade partner that supplies just about everything from clothing to car parts. While China's tariffs have retreated from a sky-high 145% in April that effectively shut down trade, they remain at 30%. Worries that tariffs may cause inflation to reassert itself in the coming months have Fed Chair Powell a bit boxed in, given that rate cuts to shore up the economy may add to possible inflationary fires this year. Fed Chair Powell argues that a wait-and-see approach makes sense, given that unemployment is historically low and the economy, while showing some worrisome signs, is still expected to grow by 3% this quarter. Related: Forget tariffs, Fed interest rate cuts may hinge on another problem "The effects on inflation could be short-lived - reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be more persistent," said Powell after holding rates steady on June 18. "Avoiding that outcome will depend on the size of the tariff effects, on how long it takes for them to pass through fully into prices, and, ultimately, on keeping longer-term inflation expectations well anchored." The worry over tariffs isn't shared by Fannie Mae Chairman Pulte. After Powell held interest rates at their current 4.25% to 4.50% range, he blasted Powell, calling for immediate interest rate cuts to lower mortgage rates and support the housing market. "Jerome Powell is a main reason for the Housing Supply Crisis in this Country," wrote Pulte on X. "By improperly keeping interest rates high, Jerome Powell is trapping homeowners in low-rate mortgages and choking off existing home sales - directly fueling the housing supply crisis. He must lower rates." Pulte is, at a minimum, correct anecdotally that the housing market is in a crisis, especially with first-time homebuyers who struggle to come up with enough money for a down payment, given supply shortages have propped up home prices, and can't afford monthly mortgage payments. More Economic Analysis: Federal Reserve prepares strong message on long-term interest ratesMassive city workers union approves strikeAnalyst makes bold call on stocks, bonds, and gold Mortgage rates typically run 2% to 3% higher than the 10-year Treasury note yield, and the Fed Funds Rate highly influences the 10-year yield. As a result, 30-year mortgage rates have risen to roughly 6.8% from 2.7% in early 2021 before Powell raised rates to fight inflation. In April, the median price for a new home exceeded $407,000, up from $310,000 five years ago. Meanwhile, according to Bankrate, the average mortgage payment doubled to $2,207 in 2024. With housing affordability so challenging and the Fed firmly in the "no cut" camp, Pulte sent a powerful message to Powell. "Americans are sick and tired of Jerome Powell. Let's move on!" wrote Pulte. "Funny thing is Jay Powell is talking right now about the housing market - he has no clue what he can do for the housing market. And he's not listening to the people who help lead the housing market." His blunt advice to Powell? "RESIGN," said Pulte. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

US Home Prices Hit Record High
US Home Prices Hit Record High

Newsweek

time5 hours ago

  • Newsweek

US Home Prices Hit Record High

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. House prices in the United States have hit a record high, according to real estate company Redfin. Why It Matters Home prices skyrocketed across the country during the COVID-19 pandemic, when relatively low mortgage rates and the rise of remote work spurred a surge in demand. While the pace of their growth has since slowed, home prices remain historically high and are still rising at the national level. New homes are shown Wednesday, May 27, 2009, in Happy Valley, Ore. New homes are shown Wednesday, May 27, 2009, in Happy Valley, Ore. Rick Bowmer/AP What To Know The median U.S. home-sale price reached a new record of $396,500 during the four weeks ending June 15, according to a report from real estate brokerage Redfin. This is a 1 percent increase compared to the same time last year, even though overall activity in the housing market remains low. Although prices are at an all-time high, they are rising much more slowly than earlier this year, when yearly growth was about 5 percent. The current 1 percent increase shows the pace of price growth is cooling down, reflecting ongoing problems between how many homes are available and how many people want to buy. Home-sale prices usually peak in June or July, but this year's market is much less competitive than in recent years, Redfin says. At the same time, buyers are gaining more power to negotiate, despite still facing high prices. The median sale price is now about $26,000, or 6 percent, less than the median asking price of $422,238. This is a big change from 2021 and 2022, when bidding wars pushed sale prices well above asking prices. Redfin says this shift is because there are more sellers than buyers right now. The total number of homes for sale has increased 14.5 percent from a year ago, and new listings are up 4.4 percent. However, demand is falling: pending sales are down 1.5 percent compared to last year, and mortgage-purchase applications dropped 3 percent just last week. Meanwhile, the median monthly housing payment is close to record levels, only $53 less than its highest ever, showing that many buyers still face big challenges affording a home. What People Are Saying Kelly Connally, a Redfin Premier agent, said: "I'm explaining to sellers more and more that we need to be strategic in our pricing strategy because homes that are overpriced, even slightly, are likely to sit on the market and invite buyers to negotiate. "Pricing is most important, but with fewer buyers than usual out there, sellers should also make sure their home is in excellent condition and be ready to make repairs upon inspection. There are a few exceptions: Homes in desirable locations that are in perfect condition are still hot and typically sell at or above asking price." What Happens Next With soft demand and rising inventory, Redfin forecasts that home-sale prices could begin to decline nationally before the end of the year.

Juneteenth celebrated at Civic Plaza
Juneteenth celebrated at Civic Plaza

Yahoo

time7 hours ago

  • Yahoo

Juneteenth celebrated at Civic Plaza

ALBUQUERQUE, N.M. (KRQE) – The City of Albuquerque celebrated Juneteenth at Civic Plaza Saturday. The holiday is this Thursday and honors the day slavery ended in the United States when, in 1865, the slaves in Galveston, Texas, were freed. Saturday's event is called Rooted in Selience: Rising in Unity and features powerful performances and activities, vendors, and all uplifting Black culture. People who came out shared what Juneteenth means to them. PHOTOS: No Kings Rally at Mariposa Basin Park 'It means our freedom, that we fought for our freedom all these years. We still fight for them,' said an attendee. The Juneteenth celebration is free to attend and is scheduled to continue at Civic Plaza until 11:00 p.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store