CONWAY, Ark.- Voters in Conway will head to the polls on Nov. 18 to decide whether to raise the city’s sales tax rate from 2.25% to 3%. The Conway City Council has approved placing six separate sales tax questions on the ballot, a move that could shape the city’s future growth for decades to come.
Clarifying the Debt
Mayor Bart Castleberry told residents at a recent meeting that the city was $95 million in debt.
But Chief Financial Officer Tyler Winningham says that figure was misinterpreted.
“Our current bonded debt is $56 million, and we have $4.5 million in outstanding notes payable,” Winningham explained. “What the Mayor meant to say was that if the bond issue passes in its entirety, that will add another approximately $95 million in debt to what we already have.”
According to Win