Hobbs · issues
Civic issues
Topics getting the most attention in Hobbs public meetings, ranked by how frequently they come up.
HB 6 revenue losses
State tax law changes shifted gross receipts taxation from business location to delivery destination, costing Hobbs an estimated $15-20 million a year — and over $50 million in a single boom year. Eight of Hobbs' top ten GRT producers were oil and gas companies the city no longer taxes directly.
Proposed Gross Receipts Tax Increase
The city is exploring a gross receipts tax increase as a way to secure its long-term financial health. Because gross receipts taxes are built into prices, residents and businesses could see higher costs if it's eventually adopted. No decision has been made — this was a discussion-only work session.