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Hobbs commission approves preliminary FY25-26 budget with 30% city reserve
Summary
The Hobbs City Commission on May 19 approved a preliminary fiscal year 2025–26 budget that keeps the city's internal 30% reserve policy and sends required documents to the state Department of Finance and Administration for June 1 compliance.
The City Commission of Hobbs on May 19 approved a preliminary fiscal year 2025–26 budget that projects roughly $140 million in revenue, about $150 million in spending and preserves the city's self-imposed 30% reserve requirement.
The approved preliminary budget will be submitted to the New Mexico Department of Finance and Administration to meet the June 1 filing deadline required for municipalities before the…
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