Posts Tagged ‘New Mexico Taxation and Revenue Department’

Release courtesy of the Governor’s Office

June 15, 2010

Gilbert Gallegos (505) 476-2217

Governor Bill Richardson today announced that Rick Homans will become the permanent Executive

Rick Homans

Director of the New Mexico Spaceport Authority as of July 1. Homans will step down from his position as Secretary of the New Mexico Taxation and Revenue Department.

Governor Richardson also announced that he has appointed Duffy Rodriguez to become the new Secretary of the Taxation and Revenue Department. Rodriguez has 30 years of government experience, most recently serving a dual role as Deputy Cabinet Secretary for Finance & Administration and Chief Financial Officer for the NM Department of Health.

“Spaceport America will soon be moving from a major construction project to an operational spaceport, launching humans into sub-orbit, and Rick has the project background, knowledge of the issues, and relationships with the many government and business partners,” Governor Richardson said. “This appointment assures we have the continuity we need to ensure the success of Spaceport America.”

The Board of the New Mexico Spaceport Authority met today in Truth or Consequences and voted unanimously to hire Homans. He will be based in Las Cruces.

Homans served as the first chairman of the New Mexico Spaceport Authority from 2005 to 2007, and was briefly its executive director in 2007. Homans served as Secretary of Economic Development from 2003 through 2007, and Secretary of Taxation and Revenue from 2008 through the present. Governor Richardson appointed Homans in April to serve as Interim Executive Director and as Chairman of the Board, in addition to his job as Secretary of TRD.

Governor Richardson said Rodriguez’s vast experience in government will allow her to hit the ground running at the Taxation & Revenue Department.

Rodriguez, a graduate of Smith College, has served in state government and worked for or with every Governor since Governor Jerry Apodaca. Her experience includes leading management and performance analyses of state agencies for Governor Garrey Carruthers and serving as the State Budget Director under Governor Gary Johnson. She also worked for the House Appropriations and Finance Committee as well as serving twice as a principal analyst with the bipartisan Legislative Finance Committee. She has a strong finance and budget background, is well versed with the revenue forecasting process and is very familiar with all of the operations of Taxation & Revenue Department from her previous legislative and executive work.

Reports released by the New Mexico Taxation and Revenue Department indicate that the Dona Ana County economy continued to struggle during the third quarter of 2009.  According to the report, total reported gross receipts for all industries were flat when compared to the third quarter of 2008.  For the first three quarters of 2009, total reported gross receipts are 2.4% lower compared to 2008.

Total reported gross receipts from retail trade showed improvement during the third quarter, increasing 4.3% when compared to the third quarter of 2008. Year-to-date total reported gross receipts from retail trade for 2009 are down 2.7% compared to 2008.

The construction sector continues to be very soft.  Although there were no additional job losses between the second quarter and third quarters of 2009, total reported gross receipts from construction and mining were 16.9% lower in the third quarter of 2009 as compared to 2008. Year-to-date total reported gross receipts in construction and mining for 2009 are down 9% compared to 2008.

Compared to the third quarter of 2008, new single family residential permit valuations issued in the county increased 21.6% for the third quarter of 2009, but are down 12.3% through the first three quarters of 2009 compared to 2008. According to data from the Las Cruces Association of Realtors Multiple Listing Information Service for the month of September, 2009 the number of new and existing home sales increased 21.9% compared to the month of September, 2008. In comparison, the average sale price dropped 12.1%, from $228,447 to $200,738.

According to data from the U.S. Bureau of Labor Statics, Dona Ana County’s unemployment rate in September, 2009 was 6.9%, down from 7.3% in June. This is significantly lower than the national rate of 9.8%, and lower than the state rate of 7.7%.  A recent report by the Milken Institute ranking the Las Cruces MSA in the top ten best performing small metros seems to indicate that this trend may continue.

Using a variety of sources, MVEDA tracks and reports changes in labor force, employment, construction permits and total reported gross receipts on a quarterly and annual basis. These economic indicator reports are available on MVEDA website.  The report for the third quarter of 2009 is attached and will be posted on the website in the near future.

Detailed New Mexico gross receipts tax files are available on UNM’s Bureau of Business & Economic Research website. Current and historical labor force data for Dona Ana County (Las Cruces NM MSA) are available on the Bureau of Labor Statics’ website.

Reports just released by the New Mexico Taxation and Revenue Department indicate that the Dona Ana County economy continued to soften during the second quarter of 2009.  According to the report, total reported gross receipts for all industries fell 3% when compared to the second quarter of 2008.  The reduction was less than the 4.3% reduction recorded in the first quarter. Total reported gross receipts for retail trade were 10% lower when compared to the second quarter of 2008.

The construction sector continues to soften, but not as severely as during the first quarter. Total reported gross receipts were 4.3% lower in the second quarter of 2009 as compared to 2008. New residential permits issued in the county were 17.1% lower and total permit valuations (all classifications) fell 11.6%

According to preliminary data from the Bureau of Labor Statics, Dona Ana County’s unemployment rate in June, 2009 was 7.3%. This is lower than the national rate of 9.5%, but higher than the state rate of 6.8%.

Using a variety of sources, MVEDA tracks and reports changes in labor force, employment, construction permits and total reported gross receipts on a quarterly and annual basis. These economic indicator reports are available on MVEDA website.  The report for the second quarter of 2009 will be released in the near future.

Detailed New Mexico gross receipts files are available on UNM’s Bureau of Business & Economic Research website. Current and historical labor force data for Dona Ana County (Las Cruces NM MSA) are available on the Bureau of Labor Statics’ website.