Responsible spending urged for Legislature

By Andy Jackson: Freedom Newspapers Area lawmakers are urging responsible spending during the 2006 state Legislature even after record oil and gas receipts pumped the state coffers full of extra money. The state’s revenue from oil and gas leases jumped by $92 million in 2005 compared to 2004, according to state figures. Sen. Stuart Ingle, [...]

Energy rebate checks on their way

By Tonya Garner 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 and Revenue Department [...]

Huge revenue windfall expected next year in N.M.

Staff and wire reports SANTA FE — State government is looking at an unprecedented revenue windfall. Gov. Bill Richardson and legislators will have more than $600 million in “new money” next year for spending increases and programs and to cover the cost of tax breaks. The latest revenue projections call for more than twice as [...]

Effect Cannon closure will have on local enterprises

By Tony Parra: PNT Staff Writer What kind of effect would Cannon’s closure have on Portales? The majority of business owners, university, public schools and city leaders feel the impact would be to a lesser extent than Clovis, but would still be significant. Susan Wilson, vice president of the Hirst Cordova public relations firm in [...]

Commission trying to trim projected deficit

By Tony Parra County commissioners narrowed the gap between the estimate revenue and expenditures from $1.4 million to $715,143 in an effort to balance the county budget for the fiscal year of 2005-06. Commissioners met on Tuesday for their second of three budget hearings. The first budget requests on April 19 showed an amount of [...]

Hospital sees revenue slide

By Tony Parra It may be good news for Portales residents, but bad news for Roosevelt General Hospital officials, as the number of patients seen at RGH went down for November and December. Kevin Ramage, Roosevelt General Hospital chief financial officer, reported revenue and the number of patients seen for November and December were lower [...]

Sustaining budget a big priority

By David Irvin Sustaining the state budget will be a central topic when the New Mexico Legislature convenes for its 60-day session Tuesday. Local legislators said inflating health care costs and problems with financing Medicaid have become an increased burden to the state and its budget. The question of whether the budget and future budgets [...]

N.M. budget looking low for future

David Arkin: PNT Correspondent A financial committee’s prediction that New Mexico might face up to a $170 million budget shortfall by 2006 would create difficult spending decisions for the state, a local lawmaker said. The Legislative Finance Committee, which released on Tuesday its five-year forecast, claims government spending is expected to outpace revenues by about [...]