Credit downgrade will mean higher expenses

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Freedom New Mexico: Argen Duncan Eastern New Mexico University Dean of Business Chris Taylor said a downgrade of the United States’ credit rating would result in credit being harder to get, causing a drop in the stock market, which would lead to inflation and hurt retirement savings. Taylor believes spending would alleviate the current recession. […]

Disaster loans available for small, non-farm businesses

CNJ staff Small, non-farm businesses in Curry, Roosevelt and Quay counties can apply for low-interest disaster loans from the U.S. Small Business Administration, according to a news release from the SBA. Small non-farm businesses, small agricultural cooperatives and most private, non-profit organizations may qualify for Economic Injury Disaster Loans of up to $2 million. The […]

Club notes — Aug. 29

Friendship Rebekah Lodge The Friendship Rebekah Lodge held its regular meeting 2 p.m. Aug. 22 at 405 Main St. Members discussed and made plans for the upcoming rummage sale, which is to be Sept. 3-4 at 8 a.m. It will be a clean up sale and will have a variety of things, such as chairs, […]

Fund set up for Maes funeral

A fund to assist with funeral expenses for Patrick Maes, who died Tuesday in Albuquerque, has been established at New Mexico Bank & Trust. Contributions to the Patrick Maes Burial Fund can be made at any NMB&T branch in Clovis, Melrose and Portales.

Concert planned to benefit crash victims

CNJ staff The community of Melrose is rallying around two of their own who were hospitalized after a head-on collision Aug. 8. The community is planning a benefit concert 3 p.m. Sept. 5 to help the families with medical expenses. Ramon Arenivar and Jordan Beard have under gone several surgeries, according to event organizer Randy […]

Business Feature: Tax deductions often overlooked

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CNJ staff photo: Tony Bullocks Tax forms are available at the Clovis-Carver Public Library. By Sarah Meyer: CNJ staff writer Filing federal and state taxes gets more complicated every year, experts say. This year is no exception, with several changes for filing federal and state income tax. “Unless you keep up with the law, you […]

Committee approves bill providing $4 million for 30-day session

By Barry Massey: The Associated Press SANTA FE — The Legislature’s 30-day session could end up costing almost $142,000 a day. A House committee unanimously approved a bill Tuesday to allocate more than $4.2 million to pay for the legislative session and nearly $13.3 million for year-round operations of the Legislature. The measure, known as […]

Deadline set for financial withdrawal from Ute project

CNJ staff A deadline to end financial responsibility for the four entities officially withdrawn from the Ute pipeline project was established at Wednesday’s Eastern New Mexico Rural Water Authority meeting in Melrose. The four entities that withdrew earlier this year — Quay County, Tucumcari, Logan and San Jon — will not be responsible for any […]

City searching for revenue

By David Irvin: CNJ staff writer The city of Clovis has enough money to stay within budget for fiscal year 2005 which begins July 1, even with the $715,000 annual pay increase approved for police early last month. But it can’t fund other employee raises or pay for improvements to infrastructure without cutting expenses or […]

Clovis only needs one special events center

A recent Project: Reader Reaction question asked about the city’s proposed civic center. Some responses: “AFTER ALL THIS TIME, all I want to see is the finished product and be able to attend an event held in it. Surely before the contract (will be) let there (will be) specs and a time frame to be […]

County: Blame jail for budget woes

By Darrell Todd Maurina: CNJ Staff Writer Curry County commissioners on Tuesday adopted a $20.5 million budget that will cut the county’s cash on hand from $10.1 million to $3.2 million by June 2005. County Manager Geneva Cooper said the fund drain has been caused mostly by increasing jail costs spread over a number of […]

City travel expenses down from last year

By Jack King Editor’s note: The Clovis News Journal conducts periodic checks of financial records of various public entities. Here’s a look at city of Clovis travel expenses from January to date. City spending for travel and related expenses is down this year, though Clovis city commissioners’ travel expenses are up from a year ago, […]

‘Controlling’ mandates unconstitutional

Walter Williams We all can agree that having money to pay our mortgage or rent on time is very important. Since some people are spendthrifts and don’t manage their money well, what about a congressional mandate whereby mortgage or rent money is deducted from our paychecks each month and sent directly to our mortgage holder […]

County officials say tax hike needed

Jack King Geneva Cooper’s days are filled with anxiety. “The question you keep asking is, ‘Where are we going to get the money?’” the Curry County manager said Thursday. A fiscal conservative who has prided herself on keeping a prudent reserve in the county coffers, Cooper is faced in 2003 with a financial situation that […]

County approves budget

By Jack King Curry County commissioners on Tuesday approved a budget for the upcoming fiscal year on a 4-1 vote. They also approved a one-eighth of 1 percent increase in gross receipts taxes that will go before voters in September. Commissioner Pete Hulder voted against the budget, saying he still opposes an additional 1 percent […]