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Lea County approves preliminary FY2025–26 budget, moves to publish permanent‑fund hearing notices
Summary
The commission approved a preliminary FY2025–26 budget that includes a proposed transfer into a new county permanent fund (up to $115 million); staff cautioned about oil-price volatility and rig-count changes but recommended a conservative return assumption for the permanent fund.
Lea County commissioners on May 22 approved the county’s preliminary fiscal year 2025–26 budget and authorized publication of notices to consider ordinances establishing a county permanent fund and a related income fund.
Assistant County Manager Chip Lowe presented the budget and said the county’s basic planning assumptions treat the oil and gas sector as the primary revenue driver. The preliminary budget proposes adding 27 positions and budgets payroll and…
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