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 […]

Government bailouts send wrong message

Freedom Newspapers The newspaper industry is struggling with Internet competition, declining circulation and a tough revenue picture, which is threatening the stability of the industry and harming the public’s ability to get important news and information. And it’s hard to overestimate the importance of the news industry in ensuring that the electorate is well-enough informed […]

Voters to decide on alcohol sales in Bailey County

By Gabriel Monte: CNJ staff writer Bailey County voters will decide Tuesday on a proposal that proponents say will generate revenue for the county but opponents say could lead to increased alcohol-related arrests and promote underage drinking. A proposal to allow packaged sale of liquor, beer and wine will be listed in the general election […]

Two more searches in county fair fund investigation

By Sharna Johnson, CNJ staff writer The offices of the Curry County attorney and treasurer were searched Thursday by state police in connection with unaccounted for Curry County Fair funds, according to two search warrants filed in Curry County Magistrate Court. The warrant for County Treasurer Rhonda Bookout’s office specified officers were looking for “all […]

Flat-rate tax would boost economy

By Freedom New Mexico GOP presidential candidate Fred Thompson has proposed an interesting tax reform. It’s not a “flat tax” because it has two rates — 10 percent and 25 percent — but it might simplify the tax code. The idea of a flat-rate tax system — all incomes would be taxed at the same […]

Official: Hospital bouncing back

By Gabriel Monte: CNJ staff writer Tight budgeting and slow growth of competition has brought the Plains Regional Medical Center back in black, according to Hospital Administrator Hoyt Skabelund. The hospital cut 38 positions on Oct. 25 of last year because of lost revenue and further revenue loss anticipated from the Clovis Surgery Center, which […]

County to weigh liquor license for fairgrounds

By Gabriel Monte: CNJ staff writer The Curry County Commission will decide in a special meeting today whether to apply for a liquor license for the special events center and the fairgrounds. The license will be a governmental liquor license similar to the one the city has for its civic center and will be specified […]

Tax increases no solution to budget deficit

Freedom Newspapers Federal deficits finally are getting action in Washington this year. President Bush attacked them in his State of the Union speech Jan. 31, calling for spending restraint. And Democrats are upset that President Bush’s 2003 tax cuts supposedly are not producing enough revenue and will mandate spending cuts in favored programs. “Democrats will […]

Unexpected revenue no cause for new tax

Freedom Newspapers One can understand a certain fascination with the sheer numbers. ExxonMobil posted a profit of $10.7 billion in the last quarter of 2005 and a profit for the year of around $36 billion. News stories generally featured people who could be depended upon to express appropriate outrage, and a few members of Congress […]

Governor wants lottery scholarship program expanded

By Tony Parra: Freedom Newspapers Gov. Bill Richardson wants to expand the lottery scholarship program so that more people will be able to use it. The bill is asking for the expansion to include students from tribal colleges and children of New Mexico military personnel stationed out of state, according to Beverlee McClure, secretary of […]

Rebate checks coming for some

By Tonya Garner: CNJ staff writer The check is in the mail, or at least for most New Mexico taxpayers. The first round of tax rebate checks were mailed Oct. 30, according to the State of New Mexico Taxation and Revenue Department. “Anyone who filed a 2004 tax return should automatically receive a check,” Tax […]