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Rio Rancho adopts FY27 final budget, preserves 25% general fund reserve
Summary
Council adopted the fiscal year 2027 final budget, recognizing FY26 ending cash, rolling forward encumbrances, deferring some capital projects, and adding $381,000 for union and nonunion pay adjustments while maintaining a 25% general‑fund reserve.
The governing body adopted Resolution R57, the city's fiscal year 2027 final budget. Director Iyara told council that changes from the interim budget included recognizing the actual FY26 ending cash position, rolling forward valid encumbrances and project balances, deferring some City Hall renovation projects and reducing scope on the Tulip Road design project to balance the budget.
Iyara also said the manager proposed and the council approved an increase of roughly $381,000 to cover AFSCME and nonunion position reclassifications and longevity pay enhancements; the final budget preserves a 25% reserve in the general fund. Director Iyara said the final budget must be submitted to the New Mexico Department of Finance and Administrative Services by July 31.
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