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.
MEMBERSHIP OF THE CITIZENS EVALUATION OF NEW TAX 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. Each member is appointed to serve a four year term.
ROLES AND RESPONSIBILITIES
- The Citizens Evaluation of New Tax Committee shall inform the public concerning the City’s collection and expenditure of the sales tax proceeds on a quarterly basis.
- The Citizens Evaluation of New Tax Committee shall regularly review collection and expenditure reports to ensure that the sales tax proceeds were expended only for the purposes set forth in Resolution 13,343.
- The Citizens Evaluation of New Tax Committee shall present to the Mayor and City Board of Directors, in public session, bi-annual written reports, which includes a statement indicating whether the City of Little Rock met the obligations outlined in Resolution 13,343.
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