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City manager presents FY27 budget proposal with 5% pay adjustment and $130M general-fund plan
Summary
City Manager Geisel told the Rio Rancho governing body the recommended FY27 budget is structurally balanced with about $130 million in general-fund revenues, a proposed 5% compensation adjustment (estimated $2.6 million recurring cost to the general fund), and a multi-year capital plan. Geisel also described health-insurance reserve moves and a schedule for budget hearings and final adoption.
City Manager Geisel presented the recommended fiscal year 2027 budget at a governing‑body work session, describing a structurally balanced plan that he said projects recurring revenues to exceed recurring expenditures over a five‑year planning period and estimates general‑fund revenues of about $130 million for FY27. "The FY '27 budget is structurally balanced and furthers the goals outlined in the city's strategic plan," Geisel said.
Geisel said the proposal includes a citywide compensation adjustment equivalent to 5% for employee groups subject to collective bargaining. He said the estimated recurring FY27 cost of that adjustment is about $2.6 million to the general fund, plus smaller amounts for the utility operating fund and the Convention & Visitors Bureau. "The adjustment will occur beginning the first full pay period in the new fiscal year," Geisel said.
Why it matters: Geisel emphasized that more than 50% of general‑fund spending goes to public safety and that personnel makes up roughly 75% of recurring…
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