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Jonesboro city council to meet tonight, could make city debt free

The City of Jonesboro could be debt free after tonight’s city council meeting.  A proposal to make an early final payment on a 10 and a half million dollar loan is to be considered by alderman.  The Sun newspaper reports Jonesboro took out the loan in 2011 to help pay for construction of a new city hall, a fire station and public works facility.  Instead of building a new facility, city officials decided to renovate an old bank building, which is now the new Municipal Center on Church Street.  Tonight’s proposal would be for the council to take about 2.7 million dollars from the general reserves fund to pay off the debt early, which would reportedly save the city about 49 thousand dollars.  The fund reportedly has over 30 million dollars available.

Johnathan Reaves is the News Director for KASU Public Radio. As part of an Air Force Family, he moved to Arkansas from Minot, North Dakota in 1986. He was first bitten by the radio bug after he graduated from Gosnell High School in 1992. While working on his undergraduate degree, he worked at KOSE, a small 1,000 watt AM commercial station in Osceola, Arkansas. Upon graduation from Arkansas State University in 1996 with a degree in Radio-Television Broadcast News, he decided that he wanted to stay in radio news. He moved to Stuttgart, Arkansas and worked for East Arkansas Broadcasters as news director and was there for 16 years.