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The total 2021 Adopted City budget is $171,844,000. State law requires municipalities’ budgets to be on a calendar year (January - December).
The total 2021 General Fund budget is $49,545,000. 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 sales tax rate in Fayetteville is 9.75%. For a breakdown by jurisdiction, please see our listing.
The total number of authorized full-time equivalent (FTE) positions in the City for 2021 is 822.10. 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, 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 2021 budget year is $64.7 million (37.7% 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 2021 Adopted Budget was approved by the City Council at the November 17, 2020 meeting.