In February, Northwest Arkansas cities reported a combined $8.417M in sales tax revenue, up 0.46% in the April report despite declines in Fayetteville and Rogers. Bentonville’s revenue grew 3.04% to $1.919M and Springdale’s increased 6.06% to $1.995M — gains that contrasted with larger retail centers showing drops.
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Benton County officials discussed a policy issue after a justice of the peace attended an out-of-state Washington conference last month that wasn’t in the county budget—county leaders questioned proper oversight of such expenses. The debate centers on ensuring county funds are used only as approved.
On April 24, Cushman & Wakefield (Sage Partners) reported that Northwest Arkansas office vacancy fell to 4.4%, the lowest rate in 15 years and below the national average of 13.9%. The report also noted strong net absorption and growth in retail and industrial sectors along with increased investments in local projects.
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