North Little Rock voters last week turned down Mayor Patrick Hays’ proposals to increase the sales tax rate by 1% to provide more funds for operations and capital improvements.

The propositions included a permanent 0.5% tax divided between operations and capital improvements and a five-year, 0.5% tax dedicated to capital improvements.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.