EC-26-213: Revenue & Expense Report for Third Quarter Fiscal Year 2026

Description

Revenue & Expense Report for Third Quarter Fiscal Year 2026

Summary

EC-26-213 is Albuquerque’s FY26 third-quarter revenue and expense report, submitted to inform the City Council as required by Budget Ordinance Section 2-11-18 ROA 1994. It creates no new spending or revenue and requires no approval-related funding. The report projects General Fund revenue of approximately $871.4 million, slightly below the approved budget, while projected expenses are $884.5 million, about $11.1 million over budget. Revenue outlooks are generally positive for gross receipts and property taxes, but negative for permits and miscellaneous income; economic uncertainty remains a risk. Other funds include projected increases for automated speed enforcement, aviation, and refuse disposal, while senior services, roads, parking, and fleet revenues are below budget. The report supports public oversight and future budget adjustments.