Development News for Rio Rancho, New Mexico

City Council Approves FY27 Budget, ICIP, and CDBG Plan

The City Council adopted the Fiscal Year 2027 balanced budget and the Infrastructure Capital Improvement Plan (ICIP) for fiscal years 2027-2031. The FY27 budget includes a 5% salary increase for all employee groups, a 5% increase in medical premiums, and the addition of 22 new positions, including firefighters, police officers, and administrative staff. An amendment to the budget incorporates an additional $1.4 million for personnel at the police department due to negotiations with the Rio Rancho Police and Communications Association. The budget maintains a 25% reserve policy despite these adjustments. The ICIP for FY27 is $310.1 million, with a 5-year plan totaling $942.9 million, focusing on public works and water/wastewater projects. The council also approved the Community Development Block Grant (CDBG) Fourth Annual Action Plan for 2026-2027, allocating $522,000 towards public service and public improvement programs.