LITTLE ROCK, Ark. — Pulaski County leaders approved a major transfer of funds Monday night in an effort to stabilize the county’s finances and ensure employees are paid on time.
The Quorum Court voted to move nearly $41.7 million from emergency reserves into the county’s general fund, a move officials said will help address an ongoing cash shortage that has been building for years.
County officials report that the general fund is facing a total shortfall of about $52 million. However, leaders say the issue is not that money is missing, but that it was not available in the right accounts when needed…