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Greenwood projects $23.3 million 2026 budget; sales tax renewal will fund streets, parks and fire
Summary
City leaders projected a roughly $23.3 million 2026 budget, said a 15% general fund reserve is in place, and reported a sales tax renewal estimated to deliver $1.5 million annually (about $500,000 allocated to streets, parks and fire).
City officials presented financial priorities during the mayor's address, including a projected overall budget for 2026 of approximately $23.3 million and a general-fund contingency reserve equal to 15% of annual operating expenditures.
The mayor said about 78% of planned capital spending will be invested in water and sewer infrastructure. He also announced that a recently approved renewal of the local sales tax will generate roughly $1.5 million each year; the mayor said that amount will be split so that each of three priorities'streets, parks and fire'would receive about $500,000 annually to support long-term investments.
Finance director Tom Marsh was credited with leading the contingency-reserve policy. The mayor framed the reserve level as aligning with guidance from the Government Finance Officers Association and the Arkansas legislative audit, and said the reserve increases the city's ability to respond to emergencies and economic fluctuations.
No specific appropriation ordinances, contract awards, or departmental implementation schedules were provided during the address; the mayor described the sales tax proceeds as dedicated revenue for capital improvements rather than a general operating fund infusion.
