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 […]

City council could modify transit service

Mike Linn The Portales City Council is thinking about modifying the Portales Area Transit program, which may include a $20,000 budget cut toward funding for the 2004/2005 fiscal year. City Council members say the bus service is necessary for the community but other entities like La Casa Health Services and the Portales Senior Citizens also […]