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HB1052
Arkansas HB1052: State Funding for Counties and Cities in Fiscal Year 2027
Last scannedAug 22, 2026, 3:15 AM
In one sentence
This law sets aside specific amounts of money from state funds to be given to Arkansas counties and cities during the fiscal year ending June 30, 2027.
What it does
- Appropriates $29.4 million in general revenue for municipalities from the Municipal Aid Fund.
- Allocates $215 million in special revenues to cities through the Office of the Treasurer of State.
- Provides $21.4 million in general revenue and $230 million in special revenue to counties via the County Aid Fund.
- Sets aside funds for unanticipated income from mineral, oil, or gas sales on federal military lands.
- Designates $450 million from the Property Tax Relief Trust Fund to help reduce property taxes for counties.
- Authorizes short-term loans of about $3.5 million to cities and $1.9 million to counties to cover early-year cash needs.
Who it affects
- Arkansas municipalities (cities)
- Arkansas counties
- The Office of the Treasurer of State, which distributes the funds
Limits and unknowns
- Some distributions depend on whether there are enough funds remaining in the Property Tax Relief Trust Fund after other required payments.
- The amount of loans to cities and counties depends on how much money is available in the Budget Stabilization Trust Fund at that time.
Plain language
Terms to know
- Appropriation
- An official act by the legislature that sets aside a specific amount of money for a certain purpose.
- Turnback
- Money collected by the state government that is returned to local governments like counties and cities.
- Fiscal Year
- A one-year period used for budgeting, which in this case runs from July 1, 2026, through June 30, 2027.
Official record
Sources
Official summary
AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE 30, 2027; AND FOR OTHER PURPOSES.