Rio Rancho’s governing body closed the books on fiscal year 2027 July 23, unanimously approving a $452 million budget that survived a late round of belt-tightening after last year’s savings came in lighter than city hall hoped.
The vote on Resolution R57 sends the final budget to the New Mexico Department of Finance and Administration ahead of the state’s July 31 deadline. Director of Financial Services Stephanie Yara told the council the final version updates the interim budget approved May 28 to reflect the city’s actual cash position after FY26 closed the books, plus encumbrances and project balances rolling into the new year.
What got cut…