Commissioner District 1· 2026-01-05–2029-12-01 (exact start: January 5, 2026 'Administration of Oaths of Office' item on the City Commission agenda of Monday, January 5, 2026; month-level end: December 2029 per hobbsnm.gov/commission.html 'Term of Office Expires: 12-31-2029')
R. Finn Smith
Hobbs
No biography on file yet.
Voice
- Meetings spoken in
- 8
- Total speaking time
- 26:48
- Avg per meeting
- 3:21
- Segments
- 289
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Top issues during term (17)(Taxes Budget)
Gross Receipts Tax Increase
About $0.61 per $100 taxable transaction — roughly $61 a year for a household spending $10,000 on taxable purchases; the increase could generate about $14.7 million by June 2028.
Proposed Gross Receipts Tax Increase
A gross receipts tax increase would raise city revenue but could increase the cost of goods and services for residents and businesses.
Senior Center and Animal Adoption Center Grants
$430,000 in grant funding combined — $250,000 off the general fund for the Senior Center and $180,000 for the adoption unit.
Budgetary Adjustment No. 1, FY 2026-2027
Revenue up $19.2 million, cash down $1.4 million; general fund reserve slips from 45% to 44%.
HB 6 revenue losses
An estimated $15-20 million in annual revenue losses, with boom-year losses exceeding $50 million.
2027 Employee Benefit Plans
Roughly $2 per paycheck more for dental/vision on the costliest plan; medical flat; about $50,000 in life/disability savings offsets costs.
Fiscal Year 2025-2026 Budget Adjustment No. 6
Amounts not detailed in the provided materials.
Fiscal Year 2026-2027 Preliminary Budget
General fund spending of about $83.7 million against $79.9 million in revenue, with roughly $97 million in total ending cash across all funds.
$14.25M Lea County infrastructure grant
Brings in $14.25 million in county funds, easing pressure on the city budget.
Roof Replacement MOU for City Facilities
Roof replacement costs would be addressed through the self-insurers' fund arrangement.
Procurement Policy Update (Ordinance No. 1169)
Changes how city departments buy goods and services, with thresholds raised from $20,000 to $30,000 and $75,000 to $90,000.
FY 2026-2027 Final Budget Adoption
The budget spends about $258 million and holds a 45% general fund reserve, but officials flagged future revenue pressure.
Related party contract with Watson Truck and Supply, Inc.
The contract amount isn't stated in the available materials.
Federal funding application for community projects
Could bring federal grant dollars to the city; amount not stated.
Second-quarter financial report
Reflects the city's financial position through December 2025; no new spending attached.
Ambulance billing write-offs
Removes uncollectible receivables from the city's books; total amount not stated.
Fiscal Year 2025 audit acceptance
No direct cost; the audit covers the city's FY2025 finances.
Decisions during term (0)
Recorded while Smith was in office — not necessarily decisions they moved, spoke to, or voted on.
No decisions found matching Taxes Budget.
Voting record (0)(Taxes Budget)
No votes found matching Taxes Budget.