City Manager Matt Geisel provided the Recommended Fiscal Year 2024 (FY 24) Budget for municipal government operations and services and the Capital Program (FY 24-29) to the Mayor and City Council on April 14, 2023. The FY 24 budget spans July 1, 2023, through June 30, 2024.
Per the City’s Charter, the Mayor of Rio Rancho has until April 25 to review the recommended budget and capital program and submit written comments to the City Manager. View the Mayor's comments.
The Recommended FY 24 Budget and Capital Program was reviewed by the Governing Body (Mayor and City Council) at a budget hearing on April 28 at City Hall. The hearing can viewed on the City’s website.
The Governing Body took public comment on the FY 24 Recommended Budget and Capital Program during its regular monthly meetings at City Hall on May 11 and May 25 at 6 p.m. A vote to adopt a budget for FY 24 and Capital Program occurred at the Governing Body’s May 25 meeting. The May Governing Body meetings can viewed on the City’s website.
On July 27, 2023, the Governing Body adopted a final budget for FY 24, which accounts for the end of FY 23 (June 30, 2023) and other minor adjustments. The July Governing Body meetings can viewed on the City’s website.