Development News for Rio Rancho, New Mexico
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Development News from the latest meeting
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.
Barber Loop Reconstruction Project Awarded to Albuquerque Asphalt for Over $3.2 Million
The City Council approved the award of the Barber Loop reconstruction project to Albuquerque Asphalt for $3,273,113.85. This project, funded by state grants and city infrastructure/utility funds, will involve full-depth pavement replacement, new water and sewer lines, and ADA improvements. Construction is expected to begin in August and take approximately nine months. Councilors expressed appreciation for the funding sources secured and the focus on road infrastructure, noting that this is one of 51 major road projects completed since 2016.
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