Hot Springs reports economic growth and community investments in 2024 progress report

Hot Springs, Arkansas, is poised for continued growth and prosperity following a productive Board of Directors meeting held on February 26, 2025. City officials highlighted significant economic achievements and infrastructure improvements that underscore the community's resilience and commitment to progress.

A key focus of the meeting was the impressive performance of the local economy, with city sales tax revenue reaching $29.1 million in 2024—an increase of nearly 46% since February 2018. This growth reflects a decade-long trend of consistent sales tax increases, averaging 6.5% annually. The city also reported a rise in advertising and promotion tax collections, indicating a thriving hospitality sector bolstered by investments in local hotels and attractions, including the historic Arlington Hotel and Oak Lawn Racing Casino Resort.

The meeting also showcased the city’s commitment to infrastructure development, with nearly 23 miles of city streets repaved and significant upgrades to water and wastewater systems. In 2024, Hot Springs issued 719 construction permits, generating over $375,000 in revenue and representing more than $111 million in investments from property owners.

Public safety was another major topic, with the Hot Springs Police Department reporting a 14.77% decrease in property crimes and a 31.1% drop in shots fired incidents. Collaborative efforts with federal agencies have led to significant prosecutions, enhancing community safety. The Fire Department also demonstrated its effectiveness, responding to over 3,100 calls and preserving $55 million in property during structural fires.

The meeting concluded with a forward-looking statement emphasizing the city’s dedication to enhancing quality of life, supporting business growth, and fostering a connected community. As Hot Springs continues to build on its successes, residents can expect ongoing improvements and a commitment to sustainable development in the years ahead.