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Taos County adopts FY25 budget, creates $2.5M grant-match and $2.5M capital enhancement funds
Summary
Commissioners adopted the FY25 budget and approved two new funds seeded from excess cash: a $2.5 million grant-match fund and a $2.5 million capital enhancement fund. The budget includes projected GRT increases and several new or reclassified positions.
Taos County commissioners voted July 29 to adopt the fiscal year 2025 budget (resolution 2024-34), approving salary schedule changes and several new or reclassified positions across county departments.
Staff presented the final budget summary and explained major assumptions including a conservative 3% gross receipts tax (GRT) growth assumption and reallocations of PILT. To make use of excess cash, the county created a $2.5 million grant-match fund and a $2.5 million capital enhancement fund "to free up the general fund," staff said. "We created a grant match fund...we were able to allocate 2,500,000 dedicated specifically for grant matches and temporary loans and 2,500,000 to the capital enhancement fund," Emily told commissioners.
The budget package includes an 11% year-over-year increase in expenses driven primarily by wages and benefits and targeted spending for MIS consolidation, public safety staffing, and capital needs across departments. Commissioners asked for follow-up detail on ARPA allocations and for an itemized wrap-up of where ARPA and other one-time funds had been spent; staff agreed to provide a consolidated summary.
A recorded roll call followed the motion to adopt; the clerk recorded affirmative responses and the budget was adopted. Staff said salary-schedule changes and the new fund transfers were part of the formal adoption and will be implemented in coming weeks.
