Savings savvy: Three ways to teach your kids about money

Paula Sirois This morning I implemented a new program with my kids: He or she who yells, pushes or screams has to put $1 into a jar on the shelf. At the end of the week, whoever hasn’t broken the rules gets all the cash. By this afternoon, I had already deposited $5, my son [...]

Their view: Gross receipts tax hampers state businesses

Paul Gessing, president of New Mexico’s Rio Grande Foundation, promotes limited government, economic freedom and individual responsibility. Here’s a snippet of what he had to say in a recent column on New Mexico’s gross receipts tax:

Elida approves gross receipts tax

By Clarence Plank: PNT staff writer Elida residents approved a gross receipts tax 39-11 Tuesday with about half of registered voters casting ballots in municipal elections. Some 56 of 113 registered voters turned out to vote for mayor, village council and municipal judge. Only the village council and municipal judge seats were contested. “The people [...]

Elida voters to decide on gross receipts tax

Freedom New Mexico Elida voters on Tuesday will decide whether to implement an additional gross receipts tax for economic development and municipal infrastructure. The municipal election ballot contains a question about whether to implement the tax of one-sixteenth of 1 percent, or a penny on every $16. If passed, the tax would go into effect [...]

Official: Fair entries up

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By Argen Duncan: PNT senior writer Entries were up at the Roosevelt County Fair this year, even though gate receipts were down. Organizers are still collecting data and finalizing counts for the fair, but they have some information. Overall, fair board president Sheila Hays had good things to say about the fair. “Our barns were [...]

New tax fails to pass

By Argen Duncan: PNT senior writer Roosevelt County is no longer facing a new gross receipts tax. The proposed sales tax of 6 cents on every $100 died for lack of a motion at the County Commission meeting Tuesday in the County Courthouse. The tax would have helped fund indigent health care. No members of [...]

Street woes plague residents

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By Karl Terry: PNT Managing Editor City of Portales officials say repair and replacement of city streets has fallen behind for lack of funding over the years. A particularly bad winter has compounded the problem and has residents clamoring for relief, they say. Portales City Councilors directed city staff to further study two options for [...]

County approves gross receipts tax increase

By Tony Parra: PNT Staff Writer Roosevelt County residents will see an additional tax on their gross receipts beginning Jan. 1 after county commissioners approved a 1/16 gross receipts tax ordinance on Tuesday. Commissioners held a public hearing for the ordinance on June 7 and no members of the public appeared. The gross receipts tax [...]

Nonprofit corporations optimistic on tax reform

Darrell Todd Maurina As the largest nonprofit corporation in Clovis, Plains Regional Medical Center might have lost millions of dollars if a state blue ribbon tax reform commission recommendation had gone differently, hospital officials say. Hospital administrator Brian Bentley said he is “cautiously optimistic” that nonprofits won’t face taxation in the final version of new [...]