The City of Little Rock Board of Directors meeting on December 12, 2024, focused on significant financial discussions regarding economic development funding and community concerns about resource allocation.

A key topic was the approval of a resolution involving substantial economic development funds, totaling $500,000, derived from old sales tax revenues. Board members sought clarification on the specific accounts involved, with the funds earmarked for infrastructure projects, including port expansion and waterline improvements. The discussion highlighted the importance of these funds in supporting local economic growth and job creation.

Directors expressed concerns about the remaining balances in various accounts, with estimates suggesting $5 to $10 million still available, although much of it is already allocated to ongoing projects. The board acknowledged the need for transparency regarding these funds, with calls for a detailed report outlining unspent obligated funds and their intended projects.

Community input was also a significant aspect of the meeting. Resident Karina Espinosa voiced concerns about the disparity in resource distribution between Southwest Little Rock and other areas, particularly regarding public safety and affordable housing. She criticized the city’s focus on police funding without addressing the underlying issues of community safety and housing violations. Espinosa emphasized the need for better enforcement of building codes and more equitable resource allocation to improve living conditions in her neighborhood.

The meeting concluded with a commitment from board members to provide further information on past projects and to consider community feedback in future planning. The discussions underscored the ongoing challenges in balancing economic development with community needs and the importance of transparency in financial matters.