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Hobbs commission adopts $250 million expense budget for FY2025–26, keeps 46% general‑fund reserve
Summary
The commission adopted the city’s FY2025–26 final budget after staff restored capital funding including a $10 million paving line; the package projects a $165 million revenue budget, $250 million in expenses and an ending cash balance of $109 million.
The Hobbs City Commission adopted the city’s fiscal year 2025–26 final budget with unanimous approval, accepting staff adjustments that restored capital spending and maintained a 46% general-fund reserve.
Why it matters: Finance staff described a final budget that uses a $195 million beginning cash balance and projects $165 million in revenues and $250 million in expenditures, leaving a projected ending cash balance of $109 million. The adopted package…
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