Special revenue collections are a major source of revenue for the Arkansas budget, totaling $1.8 billion in FY2013. However, they are often left out of the budget spotlight because the ways in which these funds are spent have already...
Year-to-date net general revenues are just .1 percent above last year’s levels according to the May general revenue summary from the Department of Finance and Administration. The monthly total for May was 5.6 percent lower (or $18.8...
Why do you live in Arkansas, instead of any other state? Maybe you hate cold weather, and love a state where you can set out on a hike or kayak the Buffalo River. Maybe you have always lived here,...
One of the most effective and widely recognized paths out of poverty is the Earned Income Tax Credit or EITC. EITC programs let low-income families keep more of the money they earn by offsetting payroll and income taxes. This...
There are a quarter of a million working moms in Arkansas who, just like your mom, deserve thanks for the sacrifices they make for their kids. As a state we’ve made huge strides to help working moms support...
Good news and bad news in the latest state revenue report from the Department of Finance and Administration (DFA).The April revenue summary released today by DFA revealed an anticipated decrease in net general revenue for the month. April net...
The majority of state revenue sources came in higher than expected last month, according to the Department of Finance and Administration’s March revenue summary. The overall year-to-date collections for 2014 are leveling out at just a few percentage...
Increasing the minimum wage will decrease enrollment and costs associated with programs like the Supplemental Nutrition Assistance Program (or SNAP, commonly referred to as food stamps) for Arkansas taxpayers. Two proposed minimum wage increases, a state increase to $8.50...
The Arkansas Legislature has published funding allocations for fiscal year 2014-2015 according to the Revenue Stabilization Laws. The total budget is just over $5 billion, an overall increase of about 2.2 percent or $108 million from the current 2013-2014...
The President’s proposed budget for fiscal year 2015 includes several important improvements to the pro-work Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) that will reduce poverty among low-wage workers and their families, reduce income inequality, strengthen...