Council holds on to unexpected cash
Wednesday, October 20, 2010
The Gravette City Council in its committee meeting Monday night faced an unexpected problem: What to do with an extra $200,000. That’s the “problem” the city of Gravette faced after they received its sales tax check from the state for the month of September. The check was for $250,728, about $200,000 more than is usually received each month. Wisely, the City Council voted to put the extra $200,000 into the city’s reserve fund because... well, because the state may want all or some of it back.
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News, Pages 1 on 10/20/2010