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Rio Rancho adopts $119.3 million FY26 general‑fund budget; adds nine staff positions
Summary
The governing body adopted the fiscal year 2026 balanced budget, which includes $119.3 million in recurring general‑fund revenue, a 4% cost‑of‑living increase for employees, nine new positions, and a 3% utility rate increase for water and wastewater.
The Rio Rancho governing body approved the fiscal year 2026 balanced budget after staff presented the proposal and the city held two public hearings.
Director of Financial Services presented highlights of the FY26 budget, reporting general‑fund recurring revenue of $119,300,000, recurring general‑fund expenses of $99,600,000, nonrecurring expenses of $3,700,000 and transfers out totaling $27,200,000. The budget…
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