Santa Fe adopts FY2026-27 budget and five-year infrastructure plan

Santa Fe’s governing body adopted the city’s FY2026-27 operating budget and approved an updated five-year Infrastructure Capital Improvements Plan, establishing the city’s operating-budget framework for the current fiscal year and its capital-planning framework for fiscal years 2028 through 2032.

The actions were taken June 24 through Resolution 2026-21, covering the operating budget, and Resolution 2026-26, covering the 2028-2032 Infrastructure Capital Improvements Plan. Both resolutions are listed among the City of Santa Fe’s adopted 2026 legislation.

Budget covers fiscal year ending in 2027

The operating budget applies to the city fiscal year that began July 1, 2026, and ends June 30, 2027. The city’s Budget Division identifies that July-to-June period as the municipal fiscal year and lists FY27 budget materials.

Adoption by the governing body is a completed local legislative action. Under the city’s budget process, however, the adopted budget must be submitted to the New Mexico Department of Finance and Administration for approval.

The available records do not establish the date of any state approval. They also do not provide the adopted budget’s overall dollar amount or department-by-department allocations. Those details would require review of the full adopted budget materials rather than the legislative index.

Capital plan sets a multiyear planning framework

Resolution 2026-26 adopted the city’s Infrastructure Capital Improvements Plan for fiscal years 2028 through 2032. The plan is separate from the FY2026-27 operating budget and covers a later five-year planning period.

The city Budget Division describes infrastructure capital planning as a continuing multiyear process. The newly adopted plan therefore provides a framework for the city’s capital-infrastructure planning across the 2028-2032 period.

Adoption of the plan does not, by itself, establish that every project listed in it has funding in hand or is guaranteed to be built. The available legislative records confirm the plan’s adoption, but do not provide project-level funding commitments or construction schedules.

What the actions mean procedurally

Together, the resolutions distinguish two parts of city financial planning: the operating budget governing the fiscal year now underway, and a longer-range infrastructure plan for future fiscal years. The operating budget has entered the state-submission stage required by the city’s process, while the capital plan stands as the governing body’s adopted multiyear framework.

City records identify the resolutions as adopted legislation, rather than proposed measures or committee recommendations. No vote totals were provided in the available records.