JONESBORO, AR (KAIT) - 7:56 p.m., Dec. 20 UPDATE: Jonesboro Mayor Harold Perrin said Tuesday he expects the city and area's economy to grow as council members approved the city's 2017 budget.
During the council's last meeting for 2016, council members voted 12-0 to approve the budget which takes effect Jan. 1.
Perrin said council members worked diligently to review the budget, receiving copies of the budget before Thanksgiving. The new year's budget will include a $2 million each in the city's operations and maintenance and capital improvements budgets to cover increases in needs.
However, Perrin said he expects the city to have excess revenues next year through 2019 due to continued economic growth. The city has seen increases in sales tax revenues so far this year with growth in retail and restaurants, officials have said.
The 2017 budget for the city of Jonesboro is the main item of agenda Tuesday as the council meets for the final time in 2016.
The budget covers city services starting Jan. 1 and running through Dec. 31, 2017. The Jonesboro City Council's finance committee met Dec. 12 to discuss the budget.
The budget calls for operation and maintenance expenditures to increase by nearly 5% from 2016, while salary and benefits are expected to go up 11%, officials said. Also, there is expected to be a decrease in both fixed assets and the city's capital improvement budget.
Council members are expected to take up a series of condemnation requests, a pair of right-of-way requests and honor outgoing council members Todd Burton and Rennell Woods.
The meeting is at 5:30 p.m. at the Municipal Center.
Copyright 2016 KAIT. All rights reserved.