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 […]