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Rio Rancho approves FY2026 midyear budget adjustments, allocates funds for roads and drainage
Summary
The Rio Rancho governing body unanimously approved a FY2026 midyear budget adjustment recognizing $2.15 million in additional general-fund revenue, adding $8.1 million in special/capital adjustments for state road grants and a Fire Station 3 bay, and funding a $98,000 mobile pump plus a $500,000 feasibility study for drainage work.
The Rio Rancho governing body on a unanimous roll-call vote approved a resolution adopting fiscal year 2026 midyear budget adjustments that recognize $2,150,000 in additional general-fund revenue and reallocate money across general, special, capital, debt-service and utility enterprise funds.
Don Martinez, budget and grants division manager in financial services, told the council the midyear package allows the city to "address unforeseen expenditure needs, and to adjust priorities to meet goals and objectives." He told members the packet includes schedules that detail all proposed changes and that "sources and uses in the general fund will increase by 2,150,000." He also said reserves in the general fund will remain above the city's target at 25.8% of expenditures.
Why it matters: the adjustment recognizes…
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