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Last updated 8:18AM ET
August 16, 2018
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First News: Rising gross receipts taxes in Santa Fe could fund budget increase. (listen)
(KSFR) - Officials at Santa Fe City Hall are looking at more money for next year's budget, thanks to an increase in revenue from gross receipts taxes. The city has gotten about $4 million more in tax receipts this year than it did last year. As a result, Mayor Coss is calling for city council to approve a pay increase of about 1 percent for all city workers. That would add more than half a million dollars to the city's budget.

The New Mexican is also reporting that an auditor has found no discrepencies with work done by Advantage Asphalt on city projects over the past four years. The mayor called for the audit after the owners of Advantage were indicted on charges of defrauding the county on some of its contracts. The asphalt company has done more than $7.5 million in work for the city.

New Mexico's State Board of Finance is being asked to approve a loan of just over $1.3 million to furnish and equip the new Santa Fe County Courthouse downtown. The request was made by judges from the First Judicial District as the building is preparing to become operational early next year. The monies sought are in the same amount included in a capital improvements measure vetoed by Governor Martinez earlier this year. The Board of Finance is set to consider the matter on April 30th.

New Mexico's Tourism Department today rolls out a new, $2million ad campaign designed to bring tourists here from neighboring states. The campaign, dubbed "New Mexico True" will combine television spots along with online and magazine ads in Arizona, Colorado and Texas. The promotional materials were designed by Texas-based Vendor Inc. with an emphasis on the southwestern authenticity of adventures awaiting visitors to our state.

The U.S. Senate has defeated a Democratic proposal to require individuals earnings more than $2 million a year to pay 30-percent in income taxes. Sen. Jeff Bingaman of New Mexico said before the vote that he was not optimistic it would pass. ***

Big-box retailer Best Buy has plans to close some 50 stores around the nation, but none of them are in New Mexico. Santa Fe has one Best Buy store. There are four others in New Mexico. As the company faces mounting losses, it's cutting 400 corporate jobs and trimming $800 million in costs.

Weather for Santa Fe - sunny, seasonably warm and dry is the forecast well into the weekend. Highs will range from the upper 60s to low 70s with overnight lows in the low-to-mid 40s.
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