Citywide Capital Improvement Reserve for Facilities, Vehicles, and Equipment

A recent meeting document Santa Fe - Governing Body Special Packet - 2026-05-14 indicates a future potential acquisition Strategic funds totaling $11.9 million have been set aside in the budget for maintenance and investment in facilities, vehicles, equipment and capital needs. Investment in these critical areas will ensure that employees are working in clean, safe and modern vehicles and facilities, and that the City will have a critical reserve for unforeseen and emergency capital needs. Specifically, a strategic reserve totaling $1.5 million is allocated for future needs and currently-unforeseen critical repairs in the City’s vast and widespread array of facilities, another $1.5 million for critical vehicle and equipment replacement needs, and a capital reserve of $8.9 million for future capital improvement needs, including both emergency and non-emergency capital projects. These reserves are intended to fund future construction, renovation, equipment purchase, and emergency repairs, which are likely to be procured through competitive solicitations or RFPs.