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Commissioners review revenue outlook and proposed personnel changes as county prepares FY2025–26 budget
Summary
Finance staff presented preliminary FY2025–26 revenue projections for Eddy County and county management proposed recruitment and retention measures—including a 5% cost-of-living increase, an employer premium contribution increase, a 40-hour personal leave credit and other steps—as the basis for the upcoming budget.
County finance staff presented the preliminary FY2025–26 revenue outlook and county leaders outlined personnel and benefits proposals intended to support recruitment and retention across departments, including law enforcement and detention.
Roberta (finance staff who presented revenue projections) summarized the county’s major revenue drivers: property taxes, gross receipts tax (GRT), oil-and-gas production and equipment taxes, payments in lieu of taxes (PILT) and grants. She noted the county’s historic conservatism in budgeting and said staff proposed budgeting $30 million for property tax revenue in FY2025–26 (the presentation included a lower, cautionary figure because of recent state constitutional amendments increasing veteran exemptions). For gross receipts, staff proposed budgeting $42 million to the general fund and $67.3 million countywide GRT. For oil…
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