Mayor Tim Keller has unveiled the proposed budget for Fiscal Year 2025, emphasizing the administration's dedication to public safety and tackling housing and homelessness challenges. The $1.4 billion budget reflects a strategic approach to address these issues while navigating economic uncertainties.
"We are focused on continuing to invest in public safety, and fully supporting our frontline workers and the programs and services they provide to help address our city’s challenges," Mayor Tim Keller stated.
The budget, with a modest increase of 2.3% compared to the previous year, aims to maximize resources efficiently. Donna Sandoval, Director of the Department of Finance and Administrative Services, highlighted the budget's prudent adjustments for inflation and revenue projections.
Kevin Sourisseau, Chief Financial Officer of the City of Albuquerque, emphasized the importance of fiscal responsibility in allocating resources, stating, "This budget covers our bases and continues to invest in what’s important in a fiscally responsible way as costs stay high across the board."
The budget includes provisions for public safety enhancements, such as investing in crime-fighting technology and supporting the recruitment and retention of essential personnel. The allocation for the Albuquerque Police Department includes funding for technology, staffing, and ongoing reform efforts.
In addressing homelessness, housing, and behavioral health challenges, the budget allocates significant funds for supportive housing programs, mental health services, and emergency housing vouchers. These investments aim to provide comprehensive support to vulnerable populations in the city.
Beyond public safety and social services, the budget also prioritizes job creation, sustainability efforts, and quality of life enhancements. Investments in workforce training, small business support, public transit technology, and youth programs underscore the administration's commitment to fostering a thriving and sustainable community.
The proposed budget, characterized as 'balanced' with strategic reserves, will undergo public input and deliberations at the City Council over the next two months. The final city budget is set to be finalized by May 30th, as per the city Charter.
