Over a month ago I asked the council to reexamine the complete 2015 budget in light of discovering numerous edits would be necessary to shore up the original budget's accuracy and integrity.
Last night, in a 5-1 vote, the Gravette City Council passed my recommended comprehensive revision. This budget represents a leap forward for the city because of its inclusion of Funds previously unreported, its strategic spending for capital improvements and community development, and its overall correctness. Highlights include a planned surplus in the General Fund adding $500k+ to reserve, and a retirement of the 2013 Bond debt in late 2015 or early 2016 - almost ten years ahead of schedule.
I commend the council for their dedication to this important process and offer my sincere thanks for their patience with me and my staff.
For a detailed report of what was passed, visit our Ordinance Page.
Please let me know if you have any questions or concerns.
-Mayor Kurt Maddox