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North Las Vegas presents tentative $993.3 million budget for FY2025–26, cites structural balance and staffing adjustments
Summary
City staff presented a tentative FY2025–26 budget totaling $993.3 million, highlighted a move toward a structurally balanced budget, an ending fund balance of 30.47% and removal of 21 long‑vacant positions from the budget.
City of North Las Vegas staff on April 2 presented a tentative fiscal-year 2025–26 budget that totals $993.3 million in appropriations and aims for a structurally balanced approach.
Will Hardy, who led the presentation, said the tentative budget includes roughly $26 million in depreciation for utility (proprietary) funds, a cost-of-living increase for staff and $6.4 million in general-fund appropriations toward capital projects. "This budget has a staffing of 1,959 employees," Hardy said, adding that staff removed 21 budgeted positions that had been unfilled for multiple years.
Hardy described a structurally balanced approach—recurrent expenses paid from recurrent revenue, and conservative forecasting for future years. Staff reported an estimated ending general-fund balance of 30.47% of operating expenses, which the presentation said would cover about 3.5 months of expenses.
The presentation noted several funds with planned or expected deficits tied to capital spending and accounting changes: a $22 million transfer from a special-purpose fund toward CIP projects, municipal court technology projects being paid from court-specific funds, water-utility capital spending and changes in how fleet purchases will be budgeted (fleet to acquire vehicles and lease them to departments going forward).
Council members asked about vacancies, timing of revenue from development projects and the composition of the funding assumptions; staff noted building-permit revenues have declined in the short term amid higher interest rates and that revenue from projects such as High Low Park will come as construction and business licensing proceed.
The tentative budget presentation did not require a council vote; staff said the document will proceed through the standard adoption process.
