Rio Rancho city manager sends budget recommendation to Governing Body

City Manager Matt Geisel has provided the recommended Fiscal Year 2025 (FY 25) Budget for municipal government operations and services and the Capital Program (FY 25-29) to the mayor and city council.

The FY 25 budget runs from July 1, 2024, through June 30, 2025.

Per the city’s charter, the mayor has until April 25 to review the recommended budget and capital program and submit written comments to the city manager.

The FY 25 recommended budget and capital program can be viewed here.

“The recommended budget for FY 2025 is a balanced budget and furthers the goals outlined in the City's Strategic Plan. Staff projects a balanced five-year General Fund financial plan,” Geisel wrote in the recommendation. “This reflects the city's continued efforts to achieve a structurally sound and sustainable long-term budget. Recurring revenues are projected to exceed recurring expenditures in the next five years. As a result, the ending fund balance is projected to meet or exceed the city's 25% policy minimum for the next five fiscal years."

The recommended FY 25 budget and capital program will be reviewed by the governing body at an April 25 budget hearing, which is set from 2-5 p.m. at City Hall. The hearing will be streamed live and archived on the city’s website.

The governing body will take public comment on the FY 25 recommended budget and capital program during its regular meetings at 6 p.m. May 9 and May 23 at City Hall. A vote to adopt a budget is set for the May 23 meeting.

“To ensure we maintain the ground we have gained in the current labor market through past adjustments and to keep up with competitors, I am proposing a cost-of-living adjustment of 5% for all employee groups (subject to collective bargaining),” Geisel wrote in the recommendation. “The estimated recurring cost for this adjustment in FY 2025 is $2,298,875 for the General Fund and $258,534 for the other funds.”