Regular Governing Body Meeting - Last Wednesday — Wed, May 27, 2026 · 10.f CONSIDERATION OF RESOLUTION NO. 2026-____. (Mayor Michael Garcia)A Resolution Adopting the City of Santa Fe’s Fiscal Year 2026/2027 Operating Budget for the City of Santa Fe. (Andy Hopkins, Budget Officer; ajhopkins@santafenm.gov) Committee Review: Governing Body (Introduced): 05/13/2026Special Governing Body (Budget Hearing): 05/14/2026Special Governing Body (Budget Hearing): 05/15/2026Finance Committee: 05/26/2026Governing Body: 05/27/2026
FISCAL IMPACT REPORT General Information: (Check) Bill: Resolution: X Short Title(s): Adopting the City of Santa Fe’s Fiscal Year 2026-2027 Operating Budget Sponsor(s): Mayor Michael J. Garcia Reviewing Department(s): Finance Department Staff Completing FIR: Andy Hopkins, Budget Officer Date: May 6, 2026 Phone: (505) 490-7228 Reviewed by City Attorney: Date: Reviewed by Finance Director: Date: Summary: This Resolution would adopt the Fiscal Year 2026-2027 (“FY27”) operating budget (“Budget”) for the City of Santa Fe; detail on the Budget is provided in the Proposed FY27 Budget book, included with this Resolution. Departments Affected: All City Departments Consequences of Not Enacting Legislation: If this legislation is not adopted, the City will not be in compliance with state law, which requires the City “to furnish and file with the [local government] division [of the department of finance and administration], on or before June 1 of each year, a proposed budget for the next fiscal year;” NMSA 1978 § 6-6-2. The absence of a budget would likely render the City ineligible to receive funding from the State and may hamper the City’s ability to expend money as well. Conflict, Duplication, Companionship, or Relationship to Other Legislation: N/A Performance and Administrative Implications: The FY27 Budget sets a fiscally sustainable course for the City, while making investments to deliver exceptional services for Santa Fe. Fiscal Implications: The recommended FY27 All Funds operating expenditure budget of $521,144,821 is detailed in the Proposed FY27 Budget book included with this Resolution, and in the tables shown below. Fiscal Impact Check here if no fiscal impact FIR No. 10758 10758.1ANDREA PHILLIPS (May 8, 2026 14:55:07 MDT)05/08/2026 Expenditures Expenditure Narrative: The FY27 proposed budget meets the City’s financial obligations, including pledged debt service and other operating costs, and leverages the City’s resources into shared goals. The proposed FY27 all funds expenditures budget of $521,144,821 reflects an increase of $40,555,429, or 8.4%, when compared to Fiscal Year 2025-2026 (“FY26”) original budgeted levels. Revenue Revenue Type FYE 2026 FYE 2027 FYE 2028 Recurring (R) or Non-recurring (NR) Fund Taxes $ 0 $219,704,776 $ 0 R various Licenses & Permits $ 0 $ 4,628,953 $ 0 R various Fees/Service Charges $ 0 $169,571,975 $ 0 R various Fines & Forfeitures $ 0 $ 695,103 $ 0 R various Miscellaneous $ 0 $ 10,982,372 $ 0 R various Intergovernmental $ 0 $ 15,492,357 $ 0 R various Interest Earnings $ 0 $ 12,820,647 $ 0 R various Transfers In $ 0 $ 79,070,300 $ 0 R various Total $ 0 $512,966,483 $ 0 R various Revenue Narrative: The proposed FY27 all funds revenue budget of $512,966,483 reflects an increase of $31,443,857, or 6.5%, when compared to FY26 original budgeted levels. Expenditure Type FYE 2026 FYE 2027 FYE 2028 Require BAR (Y/N) Recurring (R) or Non- recurring (NR) Fund 3-Year Total Cost Personnel Services $ 0 $183,560,816 $ 0 N R & NR various $183,560,816 Operating Expenses $ 0 $221,494,390 $ 0 N R & NR various $221,494,390 Capital Outlay $ 0 $ 16,171,433 $ 0 N R & NR various $ 16,171,433 Debt Service $ 0 $ 21,158,722 $ 0 N R & NR various $ 21,158,722 Transfers Out $ 0 $ 78,759,460 $ 0 N R & NR various $ 78,759,460 Total: $ 0 $521,144,821 $ 0 $521,144,821 Signature:Email: