A relatively small number of wealthy Arkansans who make money from the sale of investments reaped the benefits from the capital gains tax cuts passed in 2013. These expensive tax cuts, however, are likely to be scaled back. Today...
It was a short week at the State Capitol but that doesn’t mean it was uneventful. Here’s what you need to know: HEALTH: Gov. Asa Hutchinson asked lawmakers on Thursday to go along with a plan that would continue...
The governor’s new tax cut plan is a step in the right direction for tax fairness, but leaves out the poorest 20 percent of Arkansans and raises concerns about how the lost revenue will impact vital programs for children...
Arkansas ranks eleventh in the nation when it comes to taxing the poor. The poorest Arkansans, those making under $16,000 per year, pay two times more in taxes as a percentage of their income than wealthy Arkansans who make...
Despite smaller than expected revenues from sales tax and individual income tax, December revenues came in above forecast. Higher than expected corporate income tax collections and lower tax refund payments contributed to the increase in revenues. Net general revenue...
Larger surpluses mean a smaller pool of money for major programs like pre-K and often end up benefiting “pet projects.” Surplus spending is harder to track and is not subject to the same scrutiny as other “normal” budget spending....
General revenues for last month and for the year as a whole came in above expectations. Total net general revenue for November was $391.1 million, up 11.8 percent (or $41.4 million) from last year and about seven percent above...
Thinking about taxes seems complicated; but in its basic form, taxes raise the money we need to pay for and upkeep the services we depend upon daily. On the state level, we use these dollars to fund our schools,...
Governor Beebe introduced two separate budget proposals this month, depending on whether legislators choose to put off nearly $30 million in tax cuts for two years. The tax cuts, if implemented, would reduce taxes for manufacturers and many wealthy...
A statement from AACF Executive Director Rich Huddleston on last night’s elections in Arkansas: Arkansas Advocates for Children and Families would like to congratulate all of the Arkansas candidates on their victories last night. Now that the elections are...
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