Weather hampers fair’s bottom line

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Jared Tucker The weather is to blame, not the economy for low revenue amounts at this year’s Roosevelt County Fair, according to officials. However, not all of the numbers were down. Livestock sales shattered economic fears of decreased sales this year, according to Joi Levacy, the secretary of the sale committee. Levacy said the 54 [...]

Panel to consider zone system for developments

By Kate Nash: The Santa Fe New Mexican A measure before the House Taxation and Revenue Committee today would allow the creation of “infrastructure development zones” that could issue bonds and have the power of eminent domain. Each zone would have a board, and the boards would be able to impose special assessments and fees, [...]

Bill would cap fees for locating property owners

By Kate Nash: The New Mexican A bill backed by the state Taxation and Revenue Department would limit how much people who locate the owners of unclaimed property held by the state can charge. The measure (HB 178) caps the fees for those finders at not more than 10 percent of the value of the [...]

Two more searches in county fair fund investigation

By Sharna Johnson, CNJ staff writer The offices of the Curry County attorney and treasurer were searched Thursday by state police in connection with unaccounted for Curry County Fair funds, according to two search warrants filed in Curry County Magistrate Court. The warrant for County Treasurer Rhonda Bookout’s office specified officers were looking for “all [...]

New tax system worth considering

Editorial GOP presidential candidate Fred Thompson has proposed an interesting tax reform. It’s not a “flat tax” because it has two rates — 10 percent and 25 percent — but it might simplify the tax code. The idea of a flat-rate tax system — all incomes would be taxed at the same rate and, beyond [...]

Local oil wells reactivated

By Michael Harrell: PNT Staff Writer Orbit Petroleum recently activated seven more oil and gas wells in the southern tip of Roosevelt County, bringing their total number of active wells to 35, according to a company press release. The Oklahoma City-based company has plans to re-activate an additional 25 wells in what is known as [...]

Portales economy on mend

By Tony Parra: PNT Staff Writer Community leaders say they feel there are good signs of economic growth in Portales after the first five months of 2006. Despite the continued uncertainty of a mission for Cannon Air Force Base, those leaders are optimistic. Debi Lee, city manager, said a positive sign of growth is the [...]

Expansion of state’s lottery scholarships favored locally

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By Tony Parra Eastern New Mexico University students like the idea of expanding the lottery scholarship program, but would like to see an increase in the program revenue before the expansion takes place. Gov. Bill Richardson wants to expand the lottery scholarship program so that more people will be able to use it. The bill [...]

City officials happy with GRT numbers

By Tony Parra: PNT Staff Writer Higher numbers for gross receipt tax revenue than projected for the last part of the 2005 year alleviated fears for Portales city officials that the elimination of the food tax might hurt the GRT revenue. Debi Lee, Portales city manager, said in the last six months of 2005, GRT [...]

Republicans propose saving $200 million surplus

The Associated Press SANTA FE — The Legislature should save $200 million of the state’s revenue windfall by depositing it in a permanent fund that will generate money to pay for future needs, House Republicans said Thursday. The Legislative Finance Committee is advocating a similar move but is recommending the transfer of $125 million into [...]