by Michael Tilley (mtilley@talkbusiness.net)
Arkansas ended fiscal year 2021 with a revenue surplus of $945.7 million thanks in part to a COVID-19 induced shift in a tax filing deadline from April to July that pushed some of fiscal 2020 income tax payments into 2021.
The state’s tax revenue surplus in the previous two fiscal years totals $1.315 billion.
The Arkansas Department of Finance and Administration (DFA) reported Friday (July 2) that gross revenue for fiscal year 2021 (July 2020 to June 2021) is $8.121 billion, up 16.6% compared with the previous fiscal year and up 18.2% over the budget forecast.
