State treasurer doles out hefty raises in first year on the job

SANTA FE (KRQE) – Tim Eichenberg knows the state’s money numbers all too well.
“We’re down over $550 million — year-to-date, from last year to this year — in cash.”
Like directors at other state agencies, he’s seen his own budget, slashed, too. But Eichenberg has still managed to give sizable pay hikes to nearly a dozen employees in his first year on the job. In some cases, the raises boosted salaries by 20 percent. The treasurer inc