HomeMy WebLinkAbout2026-10-02-R I '
RESOLUTION NO. 2026-10-02-R
A RESOLUTION SUPPORTING ISSUE 3—GRANTING MUNICIPALITIES AUTHORITY
TO FOSTER RETAIL ECONOMIC DEVELOPMENT
WHEREAS,Amendment 97, passed in 2616, authorized the cities and towns of Arkansas to
finance economic development projects and provide economic development services for
manufacturing, production,and industrialfacilities, research,technology, and development
facilities, recycling facilities, distribution centers, call,centers,warehouse facilities,job training
facilities,and regional or national corporate headquarter facilities;and
WHEREAS,Amendment 97 does not authorize cities and towns to offer those same or similar
economic development incentives to the retail market; and
WHEREAS,all states surrounding Arkansas leverage flexible tax abatements and direct
incentives to facilitate economic development through investments in infrastructure,site and
building improvements,and workforce development in the retail market;and
WHEREAS,the current limitation on the authority of cities and towns to'utilize sales
tax revenues to incentivize economic growth through the retail market leaves the state at a
competitive disadvantage; and
WHEREAS, Issue 3 will allow the voters to decide whether municipalities and counties should
be granted additional authority to incentivize economic growth through retail
development;and
WHEREAS, if passed, Issue 3 will give the cities and towns of Arkansas an additional
tool to competitively entice economic development in the retail market.
NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Batesville,Arkansas:
That the Batesville City council hereby supports Issue 3 as the means,to-provide cities
and towns with additional authority to incentivize retail economic development in addition
to those currently found in the Arkansas Constitution thereby directly competing with
neighboring states to bring business and growth to Arkansas.
PASSED AND APPROVED this 13th day of October.2026.
ZZI,
Rick Elumba ,
Attest:
"VAN2
essica Davis, City erk