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Rio Rancho approves $690.9 million five‑year ICIP; utilities largest share of capital plan
Summary
The governing body adopted the fiscal 2026–2030 Infrastructure Capital Improvement Plan (ICIP), a five‑year list totaling $690.9 million that allocates the largest share to utility projects and leaves significant funding sources unidentified.
The Rio Rancho governing body approved the five‑year Infrastructure Capital Improvement Plan (ICIP) for fiscal years 2026–2030, a planning document that lists 115 projects totaling $690,900,000.
Financial Services staff said the FY26 ICIP contemplates $185,800,000 in pay‑as‑you‑go financing, $71,700,000 in debt financing and $15,300,000 in projects with funding sources not yet identified for the first year. For the full five‑year ICIP, staff reported $287,000,000 in pay‑as‑you‑go financeable projects, $136,200,000 in debt financing and $267,700,000 with funding sources still to be identified.
Staff told the council about a proposed cycling program for utility capital projects—similar to a bond cycle for non‑utility capital—that currently anticipates $225,000,000 in debt issuances to fund approximately 30–35% of utilities’ capital needs. Utilities projects account for about 31.6% of the total five‑year plan. Staff recommended approval to allow the plan to be forwarded to the state Local Government Division and to support future appropriation requests.
The governing body approved R‑57 by roll call vote. No public comment was recorded on R‑57 at the meeting.
