The impact of multiple rounds of tax cuts on the state budget is beginning to show.
revenue report
Posted inArkansas Blog
Year-to-date state revenue down 5.5% compared to last year
Sales tax collections are up about 3% over last year.
Posted inArkansas Blog
Year-to-date state revenue improves in March, still lags last year by $289 million
Year-to-date net available general revenue totaled $4.87 billion as of March, the state Department of Finance and Administration said.
Posted inArkansas Blog
State revenue down almost 7% compared to this time last year
Blame the decline in state revenue on the personal and corporate income tax cuts passed by the Republican-controlled Legislature last year.
Posted inArkansas Blog
State revenue collection for first half of fiscal year 5% below this time last year
The figure beat the state’s economic forecast by $216 million, or 6.7%, though Arkansas’s predictions of future revenue tend to be conservative.
Posted inArkansas Blog
State revenue as of November trails last year, beats forecast
State revenues are down 5.6% compared to last year but are ahead of the state forecast by 5.5%.
Posted inArkansas Blog
State gross revenues up 4.5% in July
In the first month of the fiscal year, net available general revenues were up $11.3 million, or 2.1% over the same month a year ago.
Posted inArkansas Blog
Arkansas tax take shows signs of recovery
The state revenue report for the fiscal year ending June 30 is in and it shows net income for the year up by almost $250 million, or 5.8 percent more than the previous year, and 2.1 percent above forecast.