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City Council approves sales and use tax refund for Riceland to help offset cost of expansion

City Council approves sales and use tax refund for Riceland to help offset cost of expansion
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Council votes to hold special election on refinancing of bonds for city street, drainage repairs

- Advertisement - (L-R) Alderman David Leech, City Attorney Elizabeth Skinner, and Mayor Norma Strabala listen to a presentation by Michael McBryde of Stephens, Inc., on the reissuing of bonds to fund repairs to city infrastructure. The Stuttgart City Council voted to hold a special election during which voters will decide whether the city can refinance bonds to fund street and drainage repairs. Before the start of the regular meeting, the council heard a presentation from Michael McBryde, senior vice president for Stephens, Inc. in Little Rock, about the possibility of refinancing bonds funded through the one-cent sales and use tax put into place in 2012.

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