By TALK BUSINESS & POLITICS STAFF
Arkansas’ tax revenue picture continues to be impressive, with gross revenue for the first seven fiscal months (July-January) up almost 10% compared with the same period in 2019-2020. January revenue was up more than 20% above forecast.
The Arkansas Department of Finance and Administration reported Tuesday that gross revenue for fiscal year-to-date is $4.419 billion, up 9.7% compared with the same period in 2019-2020 and up 12.1% over the budget forecast. Tuesday’s report also showed a fiscal year-to-date revenue surplus – “net available revenue” collected beyond what was estimated – of $421.8 million.
https://www.ualrpublicradio.org/post/arkansas-net-available-tax-revenue-surplus-tops-400-million
The Arkansas Department of Finance and Administration reports the state took in $635.8 in net available general revenues in January.
CREDIT KUAR NEWS