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Fort Smith Times Record Nearly one month into 2021, the Greenwood City council finally passed its annual budget. Budgets are usually passed in November or December of the previous year, however, Greenwood has a habit of passing the budget in January over the past few years. Six of the seven counselors voted to pass the budget. Councilman Lance Terry said he abstained because he missed the previous two study sessions. The total amount of the budget for 2021 is $13,524,190 which is an increase of $1,514,870 from the 2020 budget. The major topic of discussion was the Cost of Living Allocation or COLA fo. In order for those who are at the maximum allowed salary to receive a raise that correlates with what Mayor Doug Kinslow called the increase of the price of a gallon of milk. ....