by Michael Tilley (mtilley@talkbusiness.net)
Broad gains in consumer spending helped push Arkansas’ year-to-date (July 2021 to March 2022) tax revenue up 7.6%, with sales tax revenue in March up 33.2% compared with March 2021. Overall gains in tax revenue has boosted the state’s revenue surplus to $456 million.
The fiscal year-to-date revenue is $5.898 billion, up 7.6% compared with the same period in 2021 and up 8.4% above forecast, according to Monday’s (April 4) report from the Arkansas Department of Finance and Administration (DFA).
