Arkansas Code
Subchapter 2 - Budgets in Mayor-Council Municipalities
§ 14-58-201. Annual submission

On or before December 1 of each year, the mayor of all cities and incorporated towns having the mayor-council form of government shall submit to the governing body of the city or town, for its approval or disapproval, a proposed budget for operation of the city or town from January 1 to December 31 of the forthcoming year.