Recent income tax cuts are taking a bite out of the funds that pay for our parks, bridges, schools and public safety. These funds are supposed to grow as the economy grows, and as need for more teachers, social...
Recent tax cuts are weighing down the revenue growth that Arkansas needs to address our crumbing roads, our hurting schools, and to help the one in four kids growing up in poverty in our state. Two big reasons for...
Arkansans are spending more than they were last year, and that could mean enough extra tax revenue to fund fantastic programs for kids. For four months straight, sales and use taxes have had annual growth of four percent or more....
Growth in net general revenue collections for February and the year as a whole could allow policymakers to boost funding for education, healthcare, and other services. Revenue from February was higher than this time last year by about $6.2...
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...
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...
Net general revenues came in below expectations (by $9.8 million or 2.4 percent) and fell short of last year’s numbers (by $7.1 million or 1.7 percent) according to today’s report from the Arkansas Department of Finance and Administration. The...
June closed out this fiscal year with net general revenues of $539 million for the month (-1.4 percent less than last year) according to this morning’s report from the Department of Finance and Administration. The year as a whole...
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...
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...