The total sales tax rate in Fayetteville is 9.75%. For a breakdown by jurisdiction, please see our listing.
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The total 2022 Adopted City budget is $190,846,000. State law requires municipalities’ budgets to be on a calendar year (January - December).
The total 2022 General Fund budget is $56,085,000. 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 for 2022 is 851.40. 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 City Council holds public hearings on the City’s proposed budget during November and December.
The population for Fayetteville, Arkansas is 93,949 based on 2020 U. S. Census data (as of April 1, 2020).
The largest source of revenue for the City is sales tax. The total amount of sales taxes budgeted for the 2022 budget year is $77.65 million (40.7% of the budget). Sales tax revenue primarily consists of City and County Sales Tax, Alcoholic Beverage Tax and the Hotel / Motel Restaurant (HMR) Tax.
You can get a copy of the city budget from the Budget & Information Management Division online.
The 2022 Adopted Budget was approved by the City Council at the December 7, 2021 meeting.