Jonesboro Finance Committee considering special election to raise sales taxes

Jonesboro Finance Committee considering special election to raise sales taxes

JONESBORO, AR (KAIT) - The City of Jonesboro may hold a special election in November to raise 2 sales taxes.

The City Council Finance Committee will consider whether to pass an ordinance about that election to the full council on Tuesday, Aug. 11.

The special election will ask voters to consider 2 ballot issues.

The first is a 7/8-cent sales tax for transportation infrastructure improvements.

City of Jonesboro engineers developed a list of high-priority projects that need to be done to alleviate traffic congestion, deal with capacity issues and create safer roads.

There are several railroad overpasses included in those projects.

The administration has determined the best way to fund the projects is with a sale tax increase.

The second is a 1/8-cent sales tax to fund the Economic Development Corporation of Jonesboro.

The Economic Development Corporation is still in the process of being formed.

It will be a public corporation, with its activities open to the public.

The formation of the corporation will also require approval by the City Council.

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