Arkansas tax revenue continues to beat prior-year levels and forecasts despite an economy weighed down by the COVID-19 pandemic. Tax collections during the first quarter (July-September) of the fiscal year provided $158.8 million more in available revenue than expected.
The gross general revenue was $1.993 billion, up 17.7% compared to the same period in 2019, and up 11.6% above the budget forecast, according to Friday’s (Sept. 2) report from the Arkansas Department of Finance and Administration (DFA).
https://www.ualrpublicradio.org/post/arkansas-remarkable-tax-revenue-almost-18-first-fiscal-quarter
Arkansas' 'Remarkable' Tax Revenue Up Almost 18% In The First Fiscal Quarter
Arkansas tax revenue continues to beat prior-year levels and forecasts despite an economy weighed down by the COVID-19 pandemic. Tax collections during the first quarter (July-September) of the fiscal year provided $158.8 million more in available revenue than expected.