Everybody’s Business: Managing bottom line balancing act

Managing the bottom line of a company is a constant balancing act. You either increase revenue or decrease cost. There are many avenues that impact these elements and one is to expand the market. Expanding a company’s market includes offering a new product line, offering different variations to the product, or a geographic expansion. A […]

Lawmaker proposes using permanent fund to fix state budget

Trip Jennings As state lawmakers begin to debate where to cut spending or raise revenue, one legislator suggests a third way to plug New Mexico’s sizable budget shortfall. New Mexico sits on a huge pot of money called the permanent funds, made up of minerals royalties and other revenues. Why not take advantage of that […]

Revenue Review Committee agenda

AGENDA REVENUE REVIEW COMMITTEE

Officials: Change in landfill fees designed to encourage cleanup

By Sharna Johnson: CNJ staff writer City residents will be able to take small loads of solid waste to the landfill free of charge under guidelines clarified Wednesday by the Public Works Committee. The change is effective immediately and is designed, in part, to encourage cleanup in the community. The committee decided city residents may […]

Business column: Taxes can be complicated for self-employed

By Sandra Taylor-Sawyer: Everybody’s Business Who is an independent contractor? According to the Internal Revenue Service, they are people who have an independent trade, business or profession in which their services are offered to the public and they perform a job in which they determine how the task is accomplished is an independent contractor. Money […]

County projecting $600,000 budget deficit

By Sharna Johnson: CNJ staff writer Curry County is projecting a $600,000 deficit this year because of dropping tax revenue. But at $200,000 less than the budgeted deficit, it’s actually better than expected. A 5.4 percent drop in gross receipts taxes contributed to the deficit, Finance Manager Mark Lansford told commissioners Tuesday. Additionally, a loss […]

Everybody’s business: Revenue forecast critical to business plan

By Sandra Taylor-Sawyer, Ed.D. One of the most critical components of any business plan is a well-executed “revenue forecast.” The art of projecting sales and revenue is often a difficult one because it involves trying to peer into the future in an analytical fashion to estimate what is going to happen. The accuracy of a […]

Bonds approved for cheese plant expansion

By Kevin Wilson: CNJ Staff Writer Clovis city commissioners had no problem issuing bonds for Southwest Cheese, voting 7-0 without discussion to allow the sale of up to $100 million in industrial revenue bonds over a 20-year period. But a matter of 0.1 percent became a mild sticking point at Thursday’s meeting. The commission approved […]

Panel to consider zone system for developments

By Kate Nash: The Santa Fe New Mexican A measure before the House Taxation and Revenue Committee today would allow the creation of “infrastructure development zones” that could issue bonds and have the power of eminent domain. Each zone would have a board, and the boards would be able to impose special assessments and fees, […]

Bill would cap fees for locating property owners

By Kate Nash: The New Mexican A bill backed by the state Taxation and Revenue Department would limit how much people who locate the owners of unclaimed property held by the state can charge. The measure (HB 178) caps the fees for those finders at not more than 10 percent of the value of the […]