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Los Lunas Council adopts FY2027 interim budget, cites $251.5M in anticipated revenues
Summary
Finance Director Cheryl Cates presented an FY2027 interim budget with anticipated revenues of approximately $251.5 million, $145 million in capital outlay, and $31 million for salaries and benefits; the Council approved the interim budget 3-0.
Finance Director Cheryl Cates presented the village's FY2027 Interim Budget and told the Council it anticipates approximately $251.5 million in revenues, a decrease from the prior year attributed to reductions in one-time grants, legislative appropriations and capital project funding. She said the General Fund is projected to increase about 16.3% over the current fiscal year and highlighted approximately $31 million allocated for employee salaries and benefits.
Cates outlined that capital outlay projects account for roughly $145 million (about 72.5% of the total budget), and noted several adjustments since the workshop, including an addition of $8 million in confirmed revenue for the I-25 project. The Council voted 3-0 to approve the FY2027 Interim Budget (moved by Councilor James Runyon; seconded by Councilor Matthew Chavez).
