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Councilors press administration on vacancy savings, fund balance and cannabis revenue transparency in FY26 budget
Summary
At a May 1 committee hearing councilors questioned the administration’s use of vacancy savings (program savings), low fund balance, and the treatment and reporting of cannabis tax revenue, arguing the presentation obscured tradeoffs and local accountability.
Albuquerque — City councilors pressed budget officials on May 1 about how the FY26 proposed operating budget treats vacancy savings, fund balance levels and the reporting of cannabis tax revenue, saying the administration’s presentation made it difficult for residents to track where reductions and increases occurred.
Council budget staff said the proposed FY26 resources total about $1.5 billion across all funds and that the general fund was balanced in the administration’s proposal. City economists and the budget office said gross receipts (GRT) tax estimates rose slightly for FY26 while noting “considerable uncertainty” remained in forecasts.
Councilor questions focused on three related concerns:
1) Vacancy savings and “program savings.” Councilors asked why budget documents…
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