The City of Little Rock Board of Directors tonight (December 1) voted to refer two hotel sales tax initiatives to the ballot. The election will be on Tuesday, February 9.
More details about the specifics of the proposals will be presented on this blog leading up to the election.
In short, one tax is the third penny for hotels and the other tax is the fourth penny which state law allows for parks. Because it would be for hotels and similar lodging establishments only, the money would be paid by visitors, not Little Rock residents.
The City Board also passed a resolution outlining a formula by which the Museum of Discovery, Little Rock Zoo, other parks and other cultural institutions would be able to access any excess bond revenues from these taxes.