The Little Rock Convention and Visitors Bureau expects an increase in expenses next year, partially because of the planned temporary closing of Robinson Center for renovations, according to the 2014 budget approved Tuesday.
The almost $11 million budget shows a $1.1 million increase from this year’s projected actual overhead costs. New expenses include almost $300,000 for rent and lease costs because of a planned office move this spring.
Bureau staff will relocate to the Cromwell Building across the street from the Robinson Center while the music-and-convention hall is renovated next year. Little Rock voters approved up to$73.5 million for the renovation in a bond referendum Dec. 10.
Payroll for bureau employees in 2014 is expected to increase more than $375,000, partially because of an increase in health-care premiums and dental and pension benefits, said President and Chief Executive Officer Gretchen Hall. There’s also an average 3 percent salary increase budgeted for bureau employees. No new positions are planned, Hall said.
A 3.5 percent tax-revenue growth over 2013 projected amounts is expected to bring 2014 tax revenue to slightly more than $12.3 million.
Hall presented the budget to the Advertising and Promotion Commission at its regular monthly meeting Tuesday. Commissioners unanimously approved the budget.
Arkansas, Pages 10 on 12/21/2013