States should think twice before enacting big personal income tax cuts. Despite the claims of tax-cut proponents, low tax rates aren’t associated with economic prosperity, and are more likely to lead to budget problems. Most major studies over the...
Tax cuts from the two most recent legislative sessions are making for modest forecasts and eating away at state agency budgets. The joint budget committee met today to go over the new revenue forecast as well as the accompanying...
Have you ever wondered how budget makers and policy wonks are able to come up with how much money it takes to pay for something? A key part of understanding the value of goods is connected to our use of...
January net general revenues are up because of higher than expected gains in all major tax categories such as sales tax and income tax. Revenue from January was higher than this time last year by about $37.6 or 7.8 percent...
Remarks by AACF Executive Director Rich Huddleston at the Kids Count Day press conference: The state budget is a moral document. It represents Arkansas’s commitment to investing in the future of our children and families and ensuring that all...
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...
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...
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...
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