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Bella Vista Reports Strong Financial Growth in November 2023

Bella Vista, AR - In the latest financial update provided at the Bella Vista City Council Regular Meeting in Quarter 1 the city reported significant financial growth. Mayor John Flynn presented the financial results, highlighting a robust increase in the city’s operating revenues and effective cost management.

According to the report, Bella Vista's operating revenues saw a substantial rise of 10.8% over the previous year. This growth was reflected across various sectors, with County Sales Tax revenues increasing by 11.8%, City Sales Tax by 4.9%, and Property Tax Revenue by an impressive 11.5%.

The city also managed its expenses prudently, spending $1.7 million less than the budgeted amount. Total expenses for the period were reported at $15.7 million, while the revenue stood at $20.6 million, demonstrating a healthy fiscal surplus.

Mayor Flynn expressed satisfaction with the city's financial health, stating that the consistent financial performance is a positive sign of Bella Vista's economic resilience and prudent fiscal management. The council members and city officials remained optimistic about continuing this trend and maintaining a strong financial standing in the upcoming fiscal periods.