Resolution 13440 To Name Members of the Cent-Committee
CITIZENS EVALUATION OF NEW TAX COMMITTEE
The City of Little Rock created the Citizens Evaluation of New Tax Committee (LR CENT) to provide evaluation of the 5/8 – cent operating sales tax and the 3/8 – cent capital sales tax to ensure that 100 percent of the revenues received by the City from the sales tax are expended as promised and indicated in the City’s Sales Tax Resolution adopted on July 11, 2011.
Resolution 13343- To State uses of Operational and Capital Sales Tax Funds
MEMBERSHIP OF THE CITIZENS EVALUATION OF NEW TAX COMMITTEE
Resolution 13440-To Name Members of Cent-Committee
On February 7, 2012, the Little Rock City Board of Directors approved Resolution No. 13,440, which appointed the Little Rock Citizen’s Evaluation of New Tax Committee. The Committee, which is made of two (2) Co-Chairs, individuals from each of the City’s seven (7) Wards and three (3) At-Large Members, will meet on a quarterly basis to evaluate the spending of the additional revenue that will come as a result of the recently enacted one (1)-cent sales tax increase.
ROLES AND RESPONSIBILITIES
CITIZENS EVALUATION OF NEW TAX COMMITTEE DETERMINATION
OF THE APPROPRIATENESS OF THE PROJECTS
At each quarterly meeting, the City’s Finance Department Staff will present reports on the collections of the Sales Tax. Departmental Staff will report the respective expenditures by each Department. The reports will outline the revenue collected for each tax and the status of the projects funded by the tax. These reports will also be available on the City of Little Rock website.
MEETINGS OF THE CITIZENS EVALUATION OF NEW TAX COMMITTEE
The Committee will meet quarterly with the City Manager and Departmental Staff and the meetings will be open to the public. Once the Committee is formed, the members of the Committee will determine the date, time and location of the meeting. These meetings will be advertised on the City of Little Rock website.
REPORTS TO THE CITY OF LITTLE ROCK BOARD OF DIRECTORS
The Co-Chairs of the Citizens Evaluation of New Tax Committee will report to the Mayor and City Board of Directors bi-annually. The first report will be presented to the Mayor and City Board of Directors in July 2012.
Administrative Ordinances and Resolutions
Ordinance 20449- To provide for the levy of 3/8% Sales Tax- Adopted July 11, 2013
Ordinance 20450- To Call a Special Election three-eighths percent - 7-11-11
Ordinance 20451- Provide for the levy of five-eights tax - Adopted 7-11-11
Ordinance 20452- To call a special election five-eights tax - Adopted 7-11-11
Resolution 13343- To state uses of operational and capital sales tax funds - Adopted July 11, 2011
Ordinance 20545- Short-Term Financing Ordinance - Adopted February 7, 2012
Resolution 13440- To Name the Members of the Cent-Committee- 2-7-12
Resolution 13442- Identifying Ward Capital Projects – Adopted February 7, 2012
Resolution 13451- To Disburse Capital Monies Equitably - Adopted February 21, 2012
Ordinance 20732 - 2013 Short-Term Financing Authorizing the Issuance of Promissory Note - Adopted 6-4-13
Resolution 13708 - 2013 Short-Term Financing Intent to Reimburse - Adopted June18, 2013
Ordinance 20735- Authorizing the Issuance of Limited Tax General Obligation Capital Improvement Bonds