Council plans for revenue fluctuations

Tuesday’s work session for the county council was planned to provide councilors with a crucial piece of the puzzle in determining how to plan projects in relation to fluctuating county revenues. The fact that there is only one major producer of revenue for the county, with Los Alamos National Laboratory responsible for 70 percent of the county’s income through gross receipts taxes, is “not typical,” said Chief Financial Officer Steven Lynne.In the agenda documentation for Tuesday’s meeting, Lynne said, “GRT makes up approximately two-thirds of all governmental revenues and it is expected to be the most variable revenue source representing the greatest risk. In FY 2007, it was estimated that approximately 70 percent of GRT revenues were directly attributable to one taxpayer. Today, those political processes are in a higher-than usual state of flux, so staff’s ability to project GRT revenues with the same level of historical precisions is now diminished.”Lynne also explained that the county has reserve funds designated with each of the scenarios.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:	(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday