Gross receipts revenue up for second year

Kevin Wilson For the second consecutive year, Clovis has experienced an uptick in gross receipts tax revenues. Revenues from gross receipts taxes (GRT) increased 4.5 percent from 2010 to 2011 and 2.6 percent from 2009 to 2010, according to totals released from the city. That follows a 1.99 percent drop from 2008 to 2009. Chase […]

Gross receipts tax election polls open from 7 a.m. to 7 p.m. today

Kevin Wilson Today is election day for an ordinance that would increase Clovis’ gross receipts tax to pay for the city’s share of the Ute Water Project. Voting runs from 7 a.m. to 7 p.m. Ordinance 1953-2011 would impose a .25 percent gross receipts tax increase (25 cents per $100 spent on taxable items), for […]

Gross receipts tax election set for Tuesday

Kevin Wilson The city is holding a special election Tuesday for a gross receipts tax increase. Here are some of the basics about the election: What is being voted on? Ordinance 1953-2011 would impose a .25 percent gross receipts tax increase (25 cents per $100 spent on taxable items) for 10 years, to be dedicated […]

Letters to the editor: Other ways to fund Ute project

Other ways to fund Ute project We hope you read the ad in Clovis News Journal on April 10 newspaper by the High Plains Patriots about the proposed gross receipts tax increase. Read the facts for yourself. There is definitely a way to pay for the Ute water project without raising taxes again. City commissioner […]

City holds second town hall on gross receipts tax

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CNJ staff photo: Kevin Wilson The City of Clovis held a town hall meeting Wednesday regarding a special election for a .25 percent gross receipts tax increase. About 20 residents attended. The special election is May 3. Kevin Wilson Clovis Mayor Gayla Brumfield said the first time the city held a town hall meeting on […]

Group: Tax petition has two thirds of necessary signatures

Kevin Wilson A little more than one week into their efforts, the High Plains Patriots appear roughly two thirds of the way into forcing a special election on a .25 percent gross receipts tax increase. “We have somewhere around 300 (signatures), is what I’ve gotten from people we’ve talked to over the weekend,” High Plains […]

Gross receipts tax petition circulating

Kevin Wilson The countdown has begun for a citizens group to put a gross receipts tax hike to a public vote. The High Plains Patriots have circulated a petition throughout Clovis stating, “The undersigned registered voters of the City of Clovis ask that a special election be conducted on the adoption or rejection of the […]

Commission approves gross receipts tax increase

Kevin Wilson The Clovis City Commission approved a .25 percent gross receipts tax increase, effective July 1, during its meeting Thursday. The tax, which will be in place for 10 years and raises the city’s GRT rate to 7.8125 percent, is expected to generate about $1.5 million annually to help pay the city’s share of […]

City going to taxpayers too often

The Clovis City Commission is attempting to implement yet another increase to the gross receipts tax to fund the city’s portion of the Ute Water Project. This project will bring much needed water to Clovis and surrounding communities. We have been aware of the need and the costs attached for several years. In 2004, the […]

Press release: City to hold town hall meeting on gross receipts tax increase

The City of Clovis will be holding a Town Hall meeting at 6:00 p.m., Monday, January 31st, 2011 at the Clovis Carver Library North Annex to answer questions and present facts regarding the .25% gross receipts tax adjustment needed for the Ute Pipeline Project. City officials and Eastern New Mexico Water Utility Authority representatives will […]

Town hall announced on gross receipts tax hike

Kevin Wilson What started as opposition to a tax increase morphed into support Thursday from one Clovis resident. But opposition to a proposed zoning change from a neighborhood of others remained solid. The Clovis City Commission dealt with proposed zone changes, and announced a town hall on a possible gross receipts tax hike, during its […]

Gross receipts tax revenues up slightly

Kevin Wilson More money is always welcome when it comes to paying the bills at the city and county levels. But the upcoming state legislative session still looms. Revenues from gross receipts taxes (GRT) increased 2.6 percent from 2009 to 2010, according to totals released from the city. That follows a 1.99 percent drop from […]

Area golf scores

Eastern New Mexico Senior Golf Association Monday-Tuesday at Cree Meadows Golf Club, Ruidoso Championship Flight Low gross: Ben Bradley, Carlsbad, 151 Low net: 1. Mike Jackson, Roswell, 156; 2. James Boss, Roswell, 153, 3. Stanley Miller, Carlsbad, 154. First Flight Low gross: Steve Wilson, 169 Low net: John Hollenbeck, Hobbs, 175; 2. Robert Reed, Carlsbad, […]

Gross receipts tax hampers state businesses

By Paul Gessing: Guest columnist In case you missed it, Clovis’ gross receipts tax rose to 7.5625 percent on July 1. This is due to the statewide .125 percent increase passed by the Legislature earlier this year to help close the state’s budget deficit. While the hike may seem innocuous enough (it’s only a fraction […]

Richardson: No to food tax, state layoffs

By Steve Terrell: The Santa Fe New Mexican Gov. Bill Richardson, who recently had said he was leaving open the possibility of reinstating gross receipts taxes on food, made it clear Tuesday he will oppose bringing back the food tax. During his final State of the State speech before a session of the state Legislature, […]

Clovis gross receipts rose in 2008

By Gabriel Monte: CNJ staff writer

12-23 Business digest

CNJ staff USDA opens public comment to regulation changes The U.S. Department of Agriculture started accepting public comment Monday on a new regulation changing adjusted gross income qualifications for disaster and commodity programs, according to a USDA press release. Changes include reducing qualifications for disaster and commodity programs from an adjusted gross income of $2.5 […]

Everybody’s Business: Gauge success with financial ratios

By Sandra Taylor-Sawyer Last month’s column included discussion of important financial statements owners of small businesses can use to analyze the financial condition of their business. This column continues the discussion with information about another important financial ratio: debt to equity. A balance sheet is needed to obtain the information to compute the debt-to-equity ratio. […]

Clovis grows despite BRAC

By Andy Jackson: CNJ staff writer A summer swoon brought on by the announcement that Cannon Air Force Base was targeted for closure appears to be easing, according to area officials. Gross receipts taxes for the first nine months of this year are up 7.84 percent from 2005 and 36 percent from 2001. Gross receipts […]

Tax hike going into effect Friday

CNJ staff Today is the last day to purchase goods and services in the county before a gross receipts tax hike goes into effect Friday. The tax increase — passed by the County Commission on Jan. 4 — was challenged by local residents in March when they petitioned to put the tax issue to a […]