Illegal Shifting?

Albanese, Elizabeth
September 2003
Bond Buyer;9/9/2003, Vol. 345 Issue 31715, p31
Trade Publication
Reports on the lawsuit filed by Fort Smith, Arkansas in Sebastian County Circuit Court which alleges that the state is illegally shifting more than $106 million from mandated education purposes to balance the fiscal 2004 budget. Funds diverted by the General Assembly according to the complaint; Terms of Arkansas' constitution regarding levy of property tax by school districts.


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