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...
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....
August net available general revenues are up slightly from last year and beat expectations by $12.3 million (or 3.2 percent) according to today’s report from the Arkansas Department of Finance and Administration. An unanticipated boost in all major revenue...
The Arkansas Department of Finance and Administration released the December Revenue Report today. As expected, it’s more bad news for state revenue collections and the state budget. The report only underscores what we have been thinking for months now....