CITY of ALBUQUERQUE
TWENTY-SIXTH COUNCIL
COUNCIL BILL NO. C/S
R-24-36 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa Pe?a
RESOLUTION
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C/S Appropriating Funds For Operating The Government Of The City Of Albuquerque For Fiscal Year 2025, Beginning July 1, 2024 And Ending June 30, 2025; Adjusting Fiscal Year 2024 Appropriations; And Appropriating Capital Funds (Pe?a)
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APPROPRIATING FUNDS FOR OPERATING THE GOVERNMENT OF THE CITY OF ALBUQUERQUE FOR FISCAL YEAR 2025, BEGINNING JULY 1, 2024 AND ENDING JUNE 30, 2025; ADJUSTING FISCAL YEAR 2024 APPROPRIATIONS; AND APPROPRIATING CAPITAL FUNDS.
WHEREAS, the Charter of the City of Albuquerque requires the Mayor to formulate the annual operating budget for the City of Albuquerque; and
WHEREAS, the Charter of the City of Albuquerque requires the Council to approve or amend and approve the Mayor's budget; and
WHEREAS, the governing body of the City of Albuquerque, State of New Mexico has developed a budget for Fiscal Year 2025 and respectfully requests approval from the State of New Mexico, Local Government Division of the Department of Finance and Administration; and
WHEREAS, appropriations for the operation of the City government must be approved by the Council.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the amount of $70,933,000 is hereby reserved in the Operating Reserve Fund for the City of Albuquerque for Fiscal Year 2025.
Section 2. That the amount of $3,823,000 is reserved for IAFF wage adjustment subject to CBA negotiations. Upon execution of a contract agreement, the amount is hereby unreserved and will be distributed to the respective programs within the Fire Department.
Section 3. That the amount of $1,550,000 is reserved for a tiered cost of living increase for non-union employees. 5% for those making less than $50,000 a year, 4% for those making less than $75,000 a year, 3% for those making less than...
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