Arkansas Teacher Retirement System v. Brenda Short

Summary

The court affirmed the determination that a publicly owned shopping center leased to private businesses was not exempt from ad valorem taxation because the property itself was not used exclusively for a public purpose. Income from the leases, even when dedicated to funding a public retirement system, did not satisfy the constitutional requirement. Because the property was not exempt, the court did not reach the requested refunds, assessment relief, or mandamus. No separate opinions were filed.