FY27 Budget Resolution (Memo)

Extracted text

Date: May 7, 2026
To: Governing Body
From: Andrea Phillips, Interim Finance Director
Andy Hopkins, Budget Office
Via: Brian Moya, Interim City Manager
RE: Fiscal Year 2026-2027 Budget – Governing Body Adoption
EXECUTIVE SUMMARY:
On behalf of the Mayor, the Finance Department requests approval of the Fiscal Year 2026-2027 Operating
Budget.
BACKGROUND:
The proposed Fiscal Year 2026-2027 (“FY27”) “All Funds” operating expenditures budget of $521.1 million
reflects an increase of $40.6 million, or 8.4%, when compared to the Fiscal Year 2026 original budget. The
proposed FY27 General Fund expenditures budget totals $176.6 million, an increase of $15.5 million, or 9.6%,
from the FY26 original budget. These increases are primarily attributable to employee salary increases
recommended by the Classification & Compensation Study (of which the final phase will be reflected for the
full year in FY27), and to increases in the personnel budget equivalent to a 2.5% increase in salaries and salary-
dependent benefits for all City employees (for union employees, the final distribution of these amounts will be
subject to bargaining unit negotiations).
The attached packet includes the Proposed Fy27 Budget Book, which incorporates the FY27 Organizational
Chart and the budget summaries by department, fund, and category for the Proposed FY27 Budget.
After the Governing Body’s approval, the Finance Department will forward the Resolution and Operating
Budget to the New Mexico Department of Finance and Administration/Local Government Division for its
approval as required.
ATTACHMENTS:
Resolution
Fiscal Impact Report
Memo Attachment – Budget BookANDREA PHILLIPS