Arkansas § 14-42-308 - Annual budget, taxes, and rates.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-42-308 — Annual budget, taxes, and rates., with citation guidance and answers to common questions.
§ 14-42-308. Annual budget, taxes, and rates.
The governing body of each municipality operating under a charter shall prepare, approve, and publish, not less than sixty (60) days in advance of the annual municipal general election, a proposed budget of operational expenditures of the municipality for the forthcoming year, together with proposed taxes and rate or rates sufficient to provide the funds therefor, excluding the rates under any continuing levies previously authorized. The taxes and the rate or rates so proposed shall be submitted to the qualified electors at the next annual municipal general election. The proposed taxes shall be approved or disapproved in their entirety. If a majority of the qualified electors voting thereon shall approve the taxes so proposed, then the taxes so approved shall be collected at the rate provided. In the event a majority of the qualified electors voting in the election shall disapprove the proposed taxes, then the taxes shall be collected at the last rate legally levied. One (1) council member from each ward of the city.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-42-308
What does Arkansas Code of 1987 Annotated § 14-42-308 cover?
Section 14-42-308 ("Annual budget, taxes, and rates.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 14-42-308?
A common citation format is "Arkansas Code of 1987 Annotated § 14-42-308" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 14-42-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.