Placing the Altus Rural Fire Department levied annual dues on the annual property tax statement of each parcel. If the addition of the levied annual volunteer fire department dues is approved and added to the property tax statements of each parcel in the Altus Rural Fire Department protection area, then the dues shall be collected at the same time and in the same manner as real property taxes. FOR Placing the annual levied volunteer fire department dues on the annual property tax statement for each parcel located in the designed area of the Altus Rural Fire Department. AGAINST Placing the annual levied volunteer fire department dues on the annual property tax statement for each parcel located in the designed area of the Altus Rural Fire Department.

To submit the question of voting a total school tax rate (state and local) of 44.5 mills on the dollar of the assessed value of taxable property located in this School District. The proposed tax includes the uniform rate of 25.0 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by the School District and available for maintenance and operation of the schools in the District. The total proposed school tax levy of 44.5 mills includes 25.0 mills specifically voted general maintenance and operation, 15.2 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 4.3 new debt service mills. The 4.3 new debt service mills, plus the existing 15.2 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $15, 000,000, and which will mature over a period of 30 years, and will be issued for the purpose of refunding the District's Refunding Bonds, date September 1, 2016; constructing and equipping a Junior High; renovating and equipping the Gymnasium; and constructing, refurbishing, remodeling and equipping other school facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 44.5 mills represents a 4.3 mill increase over the current tax rate.

ORDINANCE NO. 2025-04 AN ORDINANCE AMENDING ORDINANCE NO. 2007-05 IN ORDER TO CHANGE THE DESIGNATED USES OF THE EXISTING 1.0% SALES AND USE TAX WITHIN THE CITY OF DARDANELLE, ARKANSAS LEVIED THEREBY (A) TO PAY AND SECURE THE REPAYMENT OF BONDS APPROVED BY THE VOTERS AND ISSUED BY THE CITY FROM TIME TO TIME, AND ALL OBLIGATIONS OF THE CITY WITH RESPECT THERETO, AND/OR (B) TO OPERATE AND MAINTAIN THE CITY’S WATER AND SEWER SYSTEM AND TO ACQUIRE, CONSTRUCT, AND EQUIP EXTENSIONS, BETTERMENTS, AND IMPROVEMENTS THERETO; AND PRESCRIBING OTHER MATTERS RELATING THERETO. 2017 REFUNDING BONDS An issue of bonds of the City of Dardanelle in the maximum aggregate principal amount of $3,250,000 for the purpose of financing all or a portion of the costs of refunding the City's Sales and Use Tax Refunding Bond, Series 2017, and, in order to pay the bonds, (a) the pledge of an existing 1.0% local sales and use tax levied within the City by Ordinance No. 2007-05, adopted August 6, 2007, as it may be amended from time to time (the "Tax"), and (b) the pledge of net revenues of the City's water and sewer system. Collections of the Tax not necessary to pay bonds will be used for other lawful Purposes. 2018 REFUNDING BONDS An issue of bonds of the City of Dardanelle in the maximum aggregate principal amount of $3,950,000 for the purpose of financing all or a portion of the costs of refunding the City's Water and Sewer Refunding and Improvement Bond, Series 2018, and, in order to pay the bonds, (a) the pledge of an existing 1.0% local sales and use tax levied within the City by Ordinance No. 2007-05, adopted August 6, 2007, as it may be amended from time to time (the "Tax"), and (b) the pledge of net revenues of the City's water and sewer system. Collections of the Tax not necessary to pay bonds will be used for other lawful purposes. WATER IMPROVEMENT BONDS An issue of bonds of the City of Dardanelle in one or more series from time to time in the maximum aggregate principal amount of $9,775,000 for the purpose of financing all or a portion of the costs of acquiring, constructing, improving, and equipping extensions, betterments, and improvements to the City’s water facilities, including any necessary street or infrastructure repairs related thereto, and, in order to pay the bonds, (a) the pledge of an existing 1.0% local sales and use tax levied within the City by Ordinance No. 2007-05, adopted August 6, 2007, as it may be amended from time to time (the "Tax"), and (b) the pledge of net revenues of the City's water and sewer system. Collections of the Tax not necessary to pay bonds will be used for other lawful purposes.

Full text of the two ordinances and the listed bond issue tied to sewer improvements are in the link above.

2 MILL INCREASE From the district: Increase will be career and technical education focused, renovations and expansion of current facilities, and proactive for growth of future communities Read details from the district in the link above.

1% SALES AND USE TAX Adoption of 1% local sales and use tax within Howard County, the net collections of which remaining after deduction of the administrative charges of the State of Arkansas and required rebates (the "Net Collections") will be distributed to the County and each municipality located therein based upon population as determined by the State legislation authorizing the tax. The Net Collections received by the County shall be used as follows: (a) 10% of the Net Collections received by the County shall be used for economic development purposes; (b) 10% of the Net Collections received by the County shall be used to assist in the operation, maintenance, improvement, renovation, expansion and equipping of hospital and related health care facilities, including particularly, without limitation, a hospital facility owned by the County and currently leased to Howard Memorial Hospital, an Arkansas nonprofit corporation; and (c) the remaining Net Collections received by the County shall be used for general purposes of County government. The Net Collections received by the municipalities in the County shall be used by each municipality as determined by its governing body. "Economic development purposes"; means the funding, promoting and providing of economic development services and economic development projects to stimulate the local economy and to support the creation of private sector job opportunities. If approved, the levy of the tax will commence on January 1, 2026.

5.99 MILL SCHOOL TAX The proposed tax includes the uniform rate of tax of 25.00 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No.74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 45.99 mills includes 25.00 mills specifically voted for general maintenance and operation, 15.01 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 5.98 new debt service mills. The 5.98 new debt service mills, plus the existing15.01 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $11,355,000, and which will mature over a period of 30 years, and will be issued for the purpose of constructing and equipping additions to the high school and elementary school; and constructing, refurbishing, remodeling and equipping other school facilities. The surplus revenues produced each year by the debt service millage maybe used by the District for other school purposes. The total proposed school tax levy of 45.99 mills represents a 5.98mill increase over the current tax rate.

42.0 Mill Tax The total rate proposed above includes the uniform rate of tax (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 42.0 mills includes 28.0 mills specifically voted for general maintenance and operation, 10.3 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 3.7 new debt service mills. The 3.7 new debt service mills, plus the existing 10.3 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $4,300,000, and which will mature over a period of 30 years, and will be issued for the purpose of demolishing certain buildings, constructing and equipping new buildings, including classrooms and office space; and constructing, refurbishing, remodeling and equipping other school facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 42.0 mills represents a 3.7 mill increase over the current tax rate.

2% SALES AND USE TAX An Ordinance calling for the adoption of a two percent (2%) local sales and use tax within the City of Parkin, Arkansas, for the purpose of GENERAL FUND, to be collected for a period of five (5) years.

Requesting voter approval of a 4-mill property tax increase. The change would bring the millage rate for taxpayers in the district to 44.6 mills. The proposed millage increase and bond issue will finance the construction of a second elementary school and a Performing Arts Center. These projects aim to ensure our district is equipped to meet the needs of our growing community. Read more from the district using the link above.

AN ORDINANCE AMENDING ORDINANCE NO. 970 (AS PREVIOUSLY AMENDED) IN ORDER TO CHANGE THE EXPIRATION DATE OF THE 0.50% SALES AND USE TAX LEVIED THEREBY TO EXTEND THE LEVY BY FIFTEEN (15) YEARS, FROM SEPTEMBER 30, 2030 TO SEPTEMBER 30, 2045; AND PRESCRIBING OTHER MATTERS RELATING THERETO. See the link to review the language related to the individual questions for Refunding Bonds, Sewer Improvement Bonds, Water Improvement Bonds, Street Improvement Bonds and Park and Recreational Improvement Bonds

REFUNDING BONDS Bonds of the City of Bryant in the maximum aggregate principal amount of $14,720,000 for the purpose of refunding the City's outstanding Sales and Use Tax Bonds, Improvement Series 2016B and, in order to pay the bonds, the levy and pledge of a 0.5% local sales and use tax within the City. IMPROVEMENT BONDS Bonds of the City of Bryant in the maximum aggregate principal amount of $33,285,000 for the purpose of financing all or a portion of the costs of a convention, meeting and entertainment facility and any land acquisition, furnishings, equipment and parking, landscaping, signage, drainage, lighting, street and utility improvements related thereto and, in order to pay the bonds, the levy and pledge of a 0.5% local sales and use tax within the City.

1% SALES AND USE TAX Adoption of a 1% local sales and use tax within the City of El Dorado for a period of ten (10) years. The levy of the sales and use tax shall commence on October 1, 2025 and end on September 30, 2035.

The total rate proposed above includes the uniform rate of tax (the “Statewide Uniform Rate”) to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 46.0 mills includes 27.8 mills specifically voted for general maintenance and operation, 16.6 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 1.6 new debt service mills. The 1.6 new debt service mills plus the existing 16.6 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $20,485,000, and which will mature over a period of 30 years, and will be issued for the purpose of constructing and equipping new school facilities and making additions and improvements to existing facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 46.0 mills represents a 1.6 mill increase over the tax rate presently being levied.

ORDINANCE NO. 2025-10; AN ORDINANCE AMENDING ORDINANCE NO. 2018-10 LEVYING A ONE PERCENT (1.00%) SALES AND USE TAX WITHIN THE CITY OF HAMBURG, ARKANSAS IN ORDER (A) TO FUND THE OPERATIONS OF THE CITY'S AMBULANCE SERVICE WHICH WILL OPERATE BY OR ON BEHALF OF THE CITY, AND (B) TO FUND THE IMPROVEMENT OF MUNICIPAL SERVICES, AND FOR ANY PURPOSE FOR WHICH THE CITY'S GENERAL FUND MAY BE LAWFULLY USED; AND PRESCRIBING OTHER MATTERS RELATING THERETO.

1% SALES AND USE TAX FOR JAIL PURPOSES Adoption of a 1% local sales and use tax within Madison County, the net collections of which remaining after deduction of the administrative charges of the State of Arkansas and required rebates will be distributed only to the County and used to acquire, construct, improve, expand, equip, furnish, operate and maintain jail facilities and any facilities or improvements related thereto or in support thereof.

Voters living in this city are being asked to renew a 1% sales tax that would otherwise expire once current bond debt is paid off. The revenue from the sales tax, if approved by voters, would be used to (1) refinance a past bond issue, (2) issue $7,950,000 in bonds to pay for street improvements, (3) issue $1,145,000 in bonds to pay for drainage projects, (4) issue $1,145,000 in bonds to pay for parks and recreation projects, (5) issue $3,450,00 in bonds to pay for fire department projects, (6) issue $805,000 in bonds to pay for police department improvements, (7) issue $8,520,000 in bonds to pay for sewer system improvements, (8) issue $8,520,000 in bonds to pay for water system improvements, (9) issue $375,000 in bonds to pay for library projects. Each bond issue is separate, but should voters approve any of the nine proposals, the 1% sales tax would be considered approved. Read full text and FAQs from link above.

The total rate proposed above includes the uniform rate of 25.0 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 47.9 mills includes 25.0 mills specifically voted for general maintenance and operation, 19.0 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 3.9 new debt service mills. The 3.9 new debt service mills, plus the existing 19.0 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $3,180,000, and which will mature over a period of 30 years, and will be issued for the purpose of constructing and equipping a new cafeteria; and constructing, refurbishing, remodeling and equipping other school facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 47.9 mills represents a 3.9 mill increase over the current tax rate.

If the increased levy of the volunteer fire department dues from $40 annually to $100 annually is approved, the increased dues shall be listed annually on the real property tax statements and collected at the same time and in the same manner as real property taxes.

45.49 Mill School Tax The total rate proposed above includes the uniform rate of 25.00 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 45.49 mills includes 25.00 mills specifically voted for general maintenance and operation, 13.49 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 7.00 new debt service mills. The 7.00 new debt service mills plus the existing 13.49 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $8,215,000, and which will mature over a period of 31 years, and will be issued for the purpose of erecting and equipping new school facilities and making additions and improvements to existing facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 45.49 mills represents a 7.00 mill increase over the current tax rate.

City 1% Sales Tax Under the authority of the Authorizing Legislation, there is hereby levied a one (1%) tax on the gross receipts from the sale at retail withing the City of all items which are subject to the Arkansas Gross Receipts Tax Act of 1941, as amended (A.C.A. 26-52-101, et seq.) and the imposition of an excise (or property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. 26-53-101, et seq.) at the rate of one percent (1%) of the sale price of the property or, in the case of leases or rentals, of the lease or rental price (collectively, the "Sales and Use Tax"). The term "Single Transaction" as it may pertain to the sales and use tax shall be defined from time to time by the Arkansas Legislature. That said Sales and Use Tax is to be collected for and appropriated for the following municipal purposes in accordance with the percentages as stated: Streets and drainage, 5%; Police 22%; Fire, 10%; Area Agency/Senior Center, 10%; Airport, 7%; Parks & Recreation, 5%; City Improvement, 30%; Animal Control, 5%; Cemetery, 2%; BDC/Chamber, 4%. That said tax will be for a term of five years. The total proposed 1% Sales and Use Tax represents the same rate presently being levied.

1% SALES AND USE TAX An Ordinance calling for the adoption of a one percent (1%) local sales and use tax within the City of Cherry Valley, Arkansas, for the purpose of CITY PARK COMPLEX AND GENERAL FUND TO BE EQUALLY DIVIDED, to be collected for a period of five (5) years.

To support our students and maintain a high-quality learning environment, we are requesting a 4-mill increase, which would bring our millage rate to 44.10. This funding will allow us to build a new junior high school, providing modern classrooms, STEM labs, fine arts spaces, and a storm shelter. Read more information using the link above.

If the levy of the volunteer fire dues is approved, the dues shall be listed annually on real property tax statements and shall be collected at the same time and in the same manner as real property taxes. FOR the levy of $50 annually for improved property, and $35 annually for unimproved property as annual dues for Gravette Fire Department AGAINST the levy of $50 annually for improved property, and $35 annually for unimproved property as annual dues for Gravette Fire Department

TO PROVIDE FOR THE CITIZENS VOTE PRIOR TO ANY CHANGES TO THE PARKS AND RECREATION FOR THE CITY OF HORSESHOE BEND, STATE OF ARKANSAS For Providing Citizen Vote prior to any changes to the Parks and Recreation for the City of Horseshoe Bend, State of Arkansas. BE IT ENACTED BY THE PEOPLE OF THE CITY OF HORSESHOE BEND, ARKANSAS: It is hereby ordered that no City Council Member of Horseshoe Bend, Arkansas nor any Commission or District of Horseshoe Bend, Arkansas shall be allowed to revoke or amend or modify ownership of any of the facilities, grounds, equipment of the Park's and Recreation of Horseshoe Bend and their Park and Recreation amenities. All ordinances and parts thereof of the City of Horseshoe Bend, Arkansas in conflict with this initiative petition are hereby repealed to the extent of such conflict.

City of Manila Special Election The bonds described below that are approved may be combined into a single issue or may be issued in series from time to time. If the bonds for one or more of the purposes are approved and one of such purposes is the Refunding Bonds, there will be levied a new 1% sales and use tax, the net collections of which remaining after deduction of the administrative charges of the State of Arkansas and required rebates, will be used solely to retire the bonds and obligations of the City with respect thereto. The tax will replace the City's existing 1% sales and use tax levied in 2019 for the sole purpose of retiring bonds. The effective date of the new tax will be the day following the date the existing tax expires. The rate of taxation will be 1% even if bonds for more than one purpose are approved. No bonds will be issued for any purpose unless the Refunding Bonds are also approved. Then 1% sales and use tax will expire after the bonds have been paid or provision is made therefor in accordance with Arkansas statutes. Refunding Bonds Bonds of the City of Manila in the maximum aggregate principal amount of $3,675,000 for the purpose of refunding the City's outstanding Sales and Use Tax Refunding and Improvement Bonds, Series 2019 and, in order to pay the bonds, the levy and pledge of a 1% local sales and use tax within the City. Street Improvement Bonds Bonds of the City of Manila in the maximum aggregate principal amount of $865,000 for the purpose of financing all or a portion of the costs of improvements to existing streets, including any curb, gutter and drainage improvements related thereto and, in order to pay the bonds, the levy and pledge of a 1%, local sales and use tax with the City. Water Improvement Bonds Bonds of the City of Manila in the maximum aggregate principal amount of $865,000 for the purpose of financing all or a portion of the costs of extensions, betterments and improvements to the City's water system and, in order to pay the bonds, the levy and pledge of a 1% local sales and use tax within the City. Sewer Improvement Bonds Bonds of the City of Manila in the maximum aggregate principal amount of $2,295,000 for the purpose of financing all or a portion of the costs of extensions, betterments and improvements to the City's sewer system and, in order to pay the bonds, the levy and pledge of a 1% local sales and use tax within the City.

40.0 Mill School Tax The total rate proposed above includes the uniform rate of tax of 25.0 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 40.0 mills includes 25.0 mills specifically voted for general maintenance and operation, I 0. 7 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 4.3 new debt service mills. The 4.3 new debt service mills, plus the existing l 0. 7 debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $5,980,000, and which will mature over a period of 30 years, and will be issued for the purpose of constructing a new entryway, renovating the HVAC at the elementary school and constructing, refurbishing, remodeling and equipping other school facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 40.0 mills represents a 4.3 mill increase over the current tax rate.

52.3 Mill School Tax The total rate proposed above includes the uniform rate of tax of 25.0 mills (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operation of schools in this District. The total proposed school tax levy of 52.3 mills includes 25.0 mills specifically voted for general maintenance and operation, 23.3 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, and 4.0 new debt service mills. The 4.0 new debt service mills plus the 23.3 existing debt service mills now pledged for the retirement of existing bonded indebtedness, which debt service mills will continue after retirement of the bonds to which now pledged, will be a continuing debt service tax until the retirement of proposed bonds to be issued in the principal amount of $71,630,000, and which will mature over a period of 30 years and will be issued for the purpose of constructing and equipping new middle school buildings and a new indoor sports and activities center; renovating Ole Main; demolishing certain buildings; and constructing, refurbishing, remodeling and quipping other school facilities. The surplus revenues produced each year by the debt service millage may be used by the District for other school purposes. The total proposed school tax levy of 52.3 mills represents an increase of 4.0 mills from the rate presently being levied.

REVENUE IMPROVEMENT BONDS Vote FOR or AGAINST an issue of sales and use tax revenue improvement bonds of Pope County, Arkansas in the maximum principal amount of $89,900,000 for the purpose of capital improvements of a public nature, including particularly, without limitation, public safety improvements, which shall include but not be limited to construction and equipping of a new and/or expanded county jail facility, sheriff’s office, 911 call center, and office of emergency management, together with street, parking and drainage improvements therefor, extension of utilities, sidewalks, bicycle paths, and utility relocations to such facilities, together with parking, furnishings, equipment, drainage, lighting, utility improvements, and related traffic signals therefor, and to provide for future renovations and improvements to such facilities, and (ii) the pledge of the County’s new 0.75% local sales and use tax within the County as security for such bonds.

1% SALES AND USE TAX The sales and use tax shall be levied for a period of seven (7) years. The collections of the sales and use tax shall, after deduction of the administrative charges of the State of Arkansas and required rebates ("Municipal Collections"), be used as follows: (a) Municipal Collections derived from the sale of aviation fuel at the Russellville Municipal Airport (the "Airport") for the capital or operating costs of the Airport ("Airport Collections"); (b) 100% of Municipal Collections remaining after deducting Airport Collections to be used as follows ("Net Collections"): (1) 60% of Net Collections for street, road and drainage facilities purposes;and, (2) 40% of Net Collections as follows: (A) 10% for Fire Department vehicles and equipment, Police Department vehicles and equipment and other capital asset replacement purposes, or any of the foregoing; (B) 15% for capital improvements or operating costs, or both, for the Parks and Recreation Department; (C) 15% for economic development purposes or capital improvement purposes, or both; "Economic development purposes" means the funding, promoting and providing of economic development purposes and economic development projects to stimulate the local economy or to support the creation of private sector job opportunities, or both. "Capital improvements purposes" means the acquisition, construction, reconstruction, restoration, improvement, alteration or repair of (i) any physical public betterment or improvement or any preliminary plans, studies, or surveys relative thereto, (ii) land or rights in land, including, without limitation, leases, air rights, easements, rights-of-way, or licenses, or (iii) any furnishings, machinery, vehicles, apparatus, or equipment for any public betterment or improvement or (iv) any combination of the foregoing. "Capital asset replacement purposes" means the replacement of a capital asset such as machinery, vehicles, equipment and other similar tangible items owned or leased by the City that were used in the operation of the City or provided benefits to the City through its use; that had a useful life of more than one (1) year and the purchase price of the capital asset at the time of purchase met or exceeded the threshold of $2,500. "Street, road and drainage facilities purposes" means the acquisition, construction, reconstruction, restoration, improvement, alteration, extension, repair, replacement or betterment of:  1) the surface of, as well as the spaces above and below, that provides vehicular traffic access to adjacent lands or for the movement of through traffic for the purpose of creating or maintaining streets, alleys, avenues, roads, bridges, traffic control devices, street lights, street signs, sidewalks, railroad crossings, electrical communication, multi-modal transportation systems, easements, rights-of-ways and public places of the City within the corporate limits or planning boundary of the City, as the same now exist or may be hereafter extended or altered, and any location thereon, thereover or thereunder any portion thereof; and 2) creating or maintaining any ditch, channel, swale, pipe, creek, river, culvert, gutter, basin, box, head wall or other structure which does or is designed for conveying or directing the flow of storm water runoff on the surface, in any open ditch or within an enclosed culvert or pipe within the corporate limits or planning boundary of the City. The levy of the sales and use tax shall commence on January 1, 2026 and terminate on December 31, 2032