Silver City, New Mexico Development News

Silver City Town Council Debates FY2027 Budget Amidst Rising Costs and Employee Wage Concerns

The Town Council discussed and debated the proposed budget for fiscal year 2027, which runs from July 1, 2026, to June 30, 2027. The budget aims to remain relatively flat due to increased costs in health insurance premiums, general liability premiums, solid waste authority fees, and regional dispatch authority rates. Cost of living adjustments were implemented for town employees, with varying percentages for different departments. The council reviewed detailed financial projections, including beginning cash balances, projected revenues, transfers out, projected expenditures, and required reserves for both the general operating fund and the entire budget. Concerns were raised by council members regarding the allocation of funds towards libraries and museums versus public works and streets, as well as low wages for town employees and the financial status of the golf course. Discussions also touched upon potential revenue sources, budget transparency, and the process for managing departmental budgets. Specific line items such as solid waste fees, landfill fees, and the museum's budget were scrutinized. The administration highlighted efforts to improve financial management and transparency, including monthly budget reports for department heads and public accessibility of the budget online. The council also discussed the upcoming rate increase for solid waste services and the process for approving the final budget.