The February tax revenue report again shows broad year-over-year gains to include an almost 15% increase in statewide sales and use tax revenue – a sign that consumer spending appears to be robust.

The Arkansas Department of Finance and Administration (DFA) reported Tuesday that gross revenue for fiscal year-to-date (July 2020 to February 2021) is $4.913 billion, up 8.4% compared with the same period in 2019-2020 and up 11.6% over the budget forecast. Part of the gain includes a shift in collections when the 2020 tax due date was moved from April to July, according to the DFA report.

https://www.ualrpublicradio.org/post/arkansas-sales-tax-revenue-nearly15-february-revenue-surplus-tops-500-million