Green jobs only create fiscal black hole

The faddish obsession with “green jobs” is being revealed as a massive waste of taxpayer money. Pipe dreams eventually are revealed for what they are — unrealistic, wishful thinking. It didn’t take long for Spain’s touted green-job revolution to be revealed as a financial disaster, siphoning taxpayer subsidies and destroying 2.2 real jobs for every […]

Their view: Bike bridge not example of fiscal responsibility

A recent column by Paul Gessing is president of New Mexico’s Rio Grande Foundation, which promotes limited government, economic freedom and individual responsibility.

City officials give budget breakdown

The city of Portales 2011-2012 fiscal year budget involves about $8.12 million in expenditures and about $228,000 for a year-end balance. “Basically our budget this year was not much different than last year’s budget,” City Manager Tom Howell said. A 30-cents-an-hour pay raise for employees and increased fuel costs were the biggest increases, he said. […]

Social issues belong on backburner for now

Freedom New Mexico A few months ago, we wrote that tea party activists who focus on fiscal issues were in a tug of war with other conservatives more interested in “social issues” such as abortion and gay marriage. We said politicians who rode the tea party wave to power should concentrate on the economy and […]

Building permits steady

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Argen Duncan By Argen Duncan PNT Senior Writer aduncan@pntonline.com The City of Portales is on track to issue the same number of building permits this fiscal year as last year, according to the planning director. The city compiles building permits for fiscal years, which run July through June. Although the numbers for the first half […]

Tricare inpatient costs increase for fiscal 2010

American Forces Press Service FALLS CHURCH, Va. — Every year the costs for TRICARE-covered inpatient services are reviewed and are subject to change. For the coming fiscal 2010, which runs Oct. 1 to Sept. 30, 2010, there is an increase for some out-of-pocket costs paid by TRICARE Standard beneficiaries at civilian hospitals for inpatient care […]

Cannon recognizes Energy Awareness Month

USAF photo: Airman 1st Class James Bell Col. Stephen Clark, 27th Special Operations Wing commander, signs the proclamation for energy awareness month to be October in the wing building Sep. 29. During the month of October the base will try to save money by cutting back on energy used. By Senior Airman Elliott Sprehe: 27th […]

Hospital sees profits

By Argen Duncan: PNT senior writer By Argen Duncan Roosevelt General Hospital finished the last fiscal year with a profit of more than $115,000, in spite of seeing losses in June, the chief financial officer has said. At the hospital board meeting Tuesday at RGH, hospital CFO Eva Stevens reported on the past fiscal year […]

School budget $2 million less than 2008-09

PNT staff The operating budget for Portales Municipal Schools for the next fiscal year, part of a final budget the Board of Education approved Monday night, is more than $2 million less than the ‘08-’09 operational budget.

Final budget approval on school board agenda

PNT Staff Report The final budget for the next fiscal year is expected to be approved at a meeting Monday of the Portales Municipal School Board.

AF fiscal budget reflects rebalanced priorities

By Tech. Sgt. Amaani Lyle: Secretary of the Air Force Public Affairs WASHINGTON — Air Force officials announced that its portion of the president’s fiscal 2010 budget reflects a balanced strategy to prevail in today’s joint fight and sustain air, space and cyberspace dominance. The two overarching principles guiding next year’s budget are rebalancing the […]

School board budget will decrease next year

By Argen Duncan: PNT senior writer Portales Municipal Schools has a tentative budget of $22.2 million for next fiscal year, down $821,191 from this year. Board of Education members approved the tentative budget at their meeting Monday in the schools’ administration building. The district must submit a final budget by June 20. For the upcoming […]

Budget adjustment on school board agenda

By Argen Duncan: PNT senior writer Monday, school board members are set to vote on adjusting the budget to use federal stimulus money and to hear a request for them to take a stance on the possibility of a zone change that would allow a restaurant to open near Portales High School. The meeting is […]

Fiscal crisis Mullen’s top concern

By Tom Philpott: PNT columnist Though he’s a warrior, not an economist, Adm. Michael Mullen, chairman of the Joint Chiefs, ranks the financial crisis as a higher priority and greater risk to security than current wars in Iraq and Afghanistan. “The scope of it is, to me, mind-boggling,” said Mullen in an interview with Military […]

Petty maneuvering delaying budget for fiscal year

If your family or business operated this way it would soon be shunned by creditors and suppliers. But the U.S. government operated without a budget for this fiscal year, which began Oct. 1, until now, thanks to petty and sometimes incompetent maneuvering. But this institution that can’t keep its own house in order has no […]

Congress anxious to put pork back on its menu

Editorial Congressional Democrats did an admirable job of purging pork barrel projects — also called earmarks — from spending bills that were left unfinished when Republicans were ousted from power last fall. They had to do something, given all their campaign rhetoric about those fiscally feckless Republicans. But whether they can for long hold the […]

Revenue paid to state entities

PNT Staff Commissioner of Public Lands Patrick H. Lyons announced that for the fiscal year of 2005 the New Mexico State Office’s beneficiaries were paid $471 million, or $92 million more than fiscal year 2004, according to a press release. “Oil and gas revenues earned by the Land Office and paid into the permanent fund […]

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 […]

Finance committee looking to trim budget

By Tony Parra: PNT Staff Writer City finance committee members took their first run at the Portales city budget on Thursday and they will be reviewing the budget to see how they can trim $52,246 to balance the budget. Portales city manager Debi Lee said she and Marilyn Rapp, city treasurer, have already been reviewing […]

County commissioners look to trim budgett numbers

By Tony Parra The Roosevelt County commissioners’ first budget hearing brought about the news that commissioners must try to find a way to cut $1.4 million from the requested amount to balance the budget. The hearing on Tuesday was the first step in putting together a budget for the fiscal year which runs from July […]