Continue the Progress - Little Rock
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 
Little Rock's 2004 Bond Program: Building Our city.
Background

On November 4, 2003, the citizens of Little Rock heartily endorsed a $69 million bond issue supported by a 3.3 mill property tax millage. Taxes on a $100,000 home will be about $66 per year. Funds will be used for –

  • $31,050,000 for infrastructure improvements (45%),
  • $24,150,000 related to public safety improvements (35%),
  • $9,200,000 for improvements to the city’s parks & recreation facilities (13.33%), and
  • $4,600,000 for upgrades and improvements to the Zoo (6.67%).

Election talleys are listed below. Results are shown by individual ballot title.

Bond Election Results

  Yes   No

Bond Information Graph

History

The City of Little Rock’s citizens have previously supported similar mill levies, providing over $84,930,000 of improvements. The November 2003 election was, in fact, on the 45th anniversary of the first bond issue supported by the electorate in 1958. Bond issues of this type generally are supported by Little Rock’s citizens because they specifically list individual projects to be funded. With refinancing of the 1995 bond issue in 2001, all previous bond issues have been retired.

Bond
Issue
Election Date
Total Issue
New Money
Refunding
Bond Maturity
Maximum
Mill Levy
1958
Nov. 4, 1958
$1,650,000
$1,650,000
$0
25 years
3.25 mills
1965
Sept. 14, 1965
$8,000,000
$4,925,000
$3,075,000
25 years
3.75 mills
1977
Sept. 21, 1976
$15,000,000
$14,850,000
$150,000
21 years
3.75 mills
1988
Oct. 13, 1987
$33,595,000
$33,595,000
$0
25 years
3.434 mills
1995
Oct. 11, 1994
$45,310,000
$29,910,000
$15,400,000
17 years
3.434 mills
2004
Nov. 4, 2003
$69,000,000
$0
$0
15 years
3.3 mills