The Moriarty City Council is scheduled to discuss the interim budget during a workshop June 25 prior to its regular meeting.
This discussion comes after the interim budget the city sent to the state Department of Finance Administration was returned with numerous requested changes.
City Clerk Deborah Liu told the council during the last meeting that the budget being returned with requested changes was not a surprise.
The June 25 meeting will give the council a chance to address those numerous issues that the state identified in the interim budget. It will also give the council a chance to review budget adjustments requested by department heads.
The city is hoping to have a more detailed look at gross receipts tax revenues when it meets on Wednesday, which will help it better plan for fiscal year 2026.
The city is trying to get a better grasp on what revenues and expenditures might look like in the upcoming fiscal year. Gross receipts tax revenue appears to be trending upward.
Liu told councilors that last year the city received about $3.4 million in gross receipts tax revenue. This year, the revenue is about $161,000 more than it was last year and the city still hasn’t seen the numbers for June. She said on average, Moriarty receives about $400,000 in gross receipts tax revenue in June.
Councilor Kim Garcia has asked the city to look into what it would cost if the city covered 100% of the insurance premiums for its staff.