Crow chairman says 2010 budget deficit tops $2M

Billings, Montana (AP) July 2010

The chairman of Montana’s Crow Indians says the tribe is seeking a $1.5 million bank loan to make up for a sharp decline in revenues.

Crow Chairman Cedric Black Eagle said last week that the tribe has a $2.1 million deficit for 2010, out of a budget of about $25 million.

He says it is the second year in a row that the tribe dropped into the red, following a 2009 deficit of about $1 million.

A drop in royalties from coal mining and the declining value of some outside investments were blamed. Without the loan, Black Eagle said 165 of the tribe’s approximately 900 employees could lose their jobs.




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