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Sandoval County commissioners adopt year-end budget resolutions after staff reports lower-than-expected revenues
Summary
At a special meeting, Sandoval County commissioners unanimously adopted end-of-year budget resolutions and approved fourth-quarter financial reporting for fiscal year 2025 after county finance staff reported shortfalls in property tax, gross receipts and oil-and-gas revenues and an election-reimbursement adjustment.
Sandoval County commissioners unanimously adopted end-of-year budget resolutions and approved fourth-quarter financial reporting to close out fiscal year 2025 at a special meeting, county finance staff said.
County finance staff told the commission the county fell short of several revenue projections for FY25, and the commission approved budget adjustments that staff must submit to the New Mexico Department of Finance and Administration before FY26 budget submittal.
Cassandra, county finance staff, told commissioners the county’s operating current-year property-tax revenues were about $588,000 below projections. “Our revenues, they came in $588,000 lower than what was…
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