A city committee looking at operations of the Little Rock Advertising and Promotion Commission recommended no major changes in its tax collections and spending. Some suggestions for improvements are expected when the final report is issued in late July.

The commission is financed through Little Rock’s 2% hotel and restaurant sales tax. The tax generates about $9.5 million a year, with $2.5 million of the annual revenues dedicated to debt service on bonds issued by the city on behalf of the commission.

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.