The Edgewood Town Commission unanimously approved its fiscal year 2025–2026 budget during a regular meeting on July 8, finalizing weeks of review, workshops and revisions.
Adopted under Resolution 2025-031, the budget outlines the town’s spending priorities for the next year, including public safety, infrastructure and employee compensation. It now heads to the New Mexico Department of Finance and Administration for final certification.
Commissioners praised town staff for their hard work preparing the budget, which had already received interim approval from the state.
Town Manager Nina McCracken confirmed that only minor adjustments had been requested by DFA.
“If your final budget is pretty much the same as the interim, then they’ll also approve the final,” said Mayor Ken Brennan. “That’s an important step.”
The approved budget shows total expenditures of $13,527,125 across all funds, with revenues of $9,960,441 and an adjusted balance of $5,599,037.75 after accounting for reserves. The town’s largest fund, the General Operating Fund, accounts for $10.2 million in expenditures with a healthy adjusted balance of $1.17 million.
Key Financial Highlights
General Operations: The General Operating Fund, which covers day-to-day municipal operations, has $4.7 million in cash and $258,748 in investments. With $7.3 million in revenues and $10.2 million in expenditures, the fund maintains an adjusted balance of over $1.1 million after setting aside $855,520 in reserves.
Infrastructure Investment: The Municipal Street Fund demonstrates significant infrastructure investment with $1.5 million in revenues and over $1 million in expenditures, leaving a substantial balance of $1.4 million for future street improvements and maintenance.
Federal Relief Funds: Edgewood continues to benefit from federal assistance through the American Rescue Plan Act, with $1.09 million remaining in this fund for qualifying projects and expenses related to pandemic recovery.
Public Safety and Law Enforcement
The budget reflects Edgewood’s commitment to public safety through multiple law enforcement funds:
- Law Enforcement Protection Fund: $120,500 in both revenues and expenditures
- Law Enforcement Recruitment and Retention funds spanning multiple years with a combined total of over $250,000
- Corrections Fund maintains $138,203 in available balance
Town officials can point to strong financial management with total cash and investments of over $10 million across all funds. The maintenance of substantial reserves demonstrates fiscal responsibility and prepares the community for unexpected expenses or economic downturns.
Earlier in the meeting, the agenda was amended to move the Budget Pay Adjustments item before the budget resolution, allowing salary considerations to be integrated into the final budget.
During public comment, former Moriarty-Edgewood School District superintendent Tom Sullivan questioned the status of $1 million previously earmarked for the renovation of Edgewood Elementary. He also raised concerns about rising attorney fees.
Commissioners emphasized fiscal responsibility and acknowledged the efforts of staff, who had been “literally burning the midnight oil” to meet the budget deadline.
Once certified, the budget will be published and guide town operations through June 30, 2026. For more information on the FY2026 budget or to view town meeting minutes, visit edgewood-nm.gov.
