Committee confident it is on right track

By Tony Parra Portales finance committee members said they agreed on one thing after they approved the budget to be presented to city council members on Thursday. They’re heading in the right direction. In previous meetings, members have talked about the $1.2 million-dollar budget deficit and the high percentage of cost in the personnel category […]

Commissioners take first step towards tax increments

By Tony Parra Roosevelt County commissioners had been discussing the idea of imposing tax increments because of budget deficiencies, and on Tuesda decided to take the first step in the process. Commissioners said they will take the first step in the process by publicizing the notice of intent. Roosevelt County plans for a first 1/8 […]

Regents approve 2004-05 budget

By Tony Parra In the midst of budget season for public entities, the Board of Regents members met to approve the fiscal year 2004-05 operating budget. The total budgeted revenues of $45,273,400 are comprised of: state funding (57 percent), tuition and fees (19 percent), sales/services (13 percent), state grants (5 percent) and other (6 percent). […]

School board members approve budget

By Tony Parra Portales Schools Finance Director Murphy Quick had Portales school board members place their stamp of approvals on the 2004-05 fiscal budget for the Portales Municipal school district. All of the members, except for Inez Rodriguez, signed the budget at the end of the meeting. Rodriguez was unable to attend the meeting, and […]

City officials look to reduce personnel costs

By Tony Parra City Manager Debi Lee stressed the importance of cutting costs in personnel and the first move was made in her budget proposal in Thursday’s finance committee meeting. In the previous budget meeting, Lee said normally the personnel portion for city budgets should be 50 to 55 percent, but the portion for Portales’ […]

Commissioners start trimming for 2004-05 budget

By Tony Parra Roosevelt County commissioners and county officials began trimming the proposed 2004-2005 budget on Tuesday in the regular commission meeting to make ends meet. The revenue money Roosevelt County has is not generating enough interest to offset its expenses, Roosevelt County Administrator Charlene Hardin said. Hardin said the amount for revenue was $2.8 […]

Three-tiered plan causes concerns for school board

By Tony Parra Portales Schools Finance Director Murphy Quick presented a rough draft of the 2004-05 budget to the school board members on Wednesday and all of the talk was regarding what effect a three-tier licensure will cause to the budget. The New Mexico Legislature approved House Bill 212 to implement a three-tier plan to […]

Lee tells commission to reduce expenditures

By Tony Parra Portales city finance committee members were seeing red in this year’s first 2004-05 budget hearing. Red ink, that is. Portales City Manager Debi Lee said changes need to be made to the city’s budget to offset the $1.2 million-dollar budget deficit. “Financially in the big picture, we’re going to have to reduce […]

City enters agreement with Elida

By Tony Parra Mayor Orlando Ortega and the Portales city councilors approved a joint powers agreement during Tuesday’s city council meeting between the city of Portales and the town of Elida to provide dispatch services to Elida. The agreement is for two years and the Elida officials will pay the city of Portales, $5,000 a […]

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 […]