Eddy County presents interim FY26–27 budget plan and February revenue report showing oil-and-gas strength

County financial staff presented the February 2026 revenue report and an interim FY26–27 budget workshop that laid out countywide revenue and expense assumptions and several proposed transfers.

In the revenue report, the county reported $6,500,000 in gross receipts tax for February and noted oil-and-gas receipts tied to November activity; staff reported month-to-month production and price averages used in projections. Budget staff then presented an interim countywide revenue budget of $297.9 million for FY26–27, with proposed personnel, operating and capital allocations, and a proposed community development fund funded with prior-year surplus and transfers (a $25.5 million fund that includes $20.5 million for commission community projects, $2.0 million for operational daycare, and $3.0 million for discretionary commission funds).

Highlights of the interim budget presentation included: 26 proposed new positions totaling an estimated $3.7 million; a proposed 5% cost-of-living adjustment for county employees (roughly $2.0 million); planned road and bridge one-time transfers totaling approximately $12 million to $12.75 million for maintenance, overlays, and select rebuilds; and continued use of $280 million in capital plan line items (including a new detention center identified in capital planning).

Staff described the timeline for the interim budget: the draft will be returned for approval at the May 19 meeting after further committee and departmental review. Commissioners commented in support of the direction and thanked staff for assembling the material.

Next steps: staff will present a finalized interim budget for approval at the May 19 meeting; follow-up items include formal budget adjustments and scope definitions for one-time road projects.