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The total 2020 Adopted City budget is $187,539,000. State law requires municipalities’ budgets to be on a calendar year (January - December).
The total 2020 General Fund budget is $49,921,000. This fund is supported by taxes and fees.
$160,000 x 20% = $32,000 assessed valuation$32,000 divided by $100 = $320 x $0.23 = $73.60
The total number of authorized full-time equivalent (FTE) positions in the City is 822.60. Some positions are required to work less than the standard number of working hours and days; therefore, the total number of positions in the City is not a whole number.
The population for Fayetteville, Arkansas, estimated as of July, 2018, based on 2010 census data, is 86,751.
The largest source of revenue for the City is sales tax. The total amount of sales taxes budgeted for the 2020 budget year is $65.8 million (35.1% of the budget). Sales tax revenue primarily consists of City and County Sales Tax, Alcoholic Beverage Tax and the Hotel / Motel Restaurant (HMR) Tax.
The 2020 Adopted Budget was approved by the City Council in the December 3, 2019 meeting.