by Talk Business & Politics staff (staff2@talkbusiness.net)
Arkansas consumers continue to spend in the face of persistent inflation. The state’s sales tax revenue in the first eight months of the fiscal year is up 9.3%, with February sales tax revenue up 13.1%. Overall tax revenue in February was up 8.3%.
Another month, another similar growth story with Arkansas’ tax revenue. Total revenue in the February report was $807 million, up 3.2% compared to what was a healthy February 2021, and up 9.6% above the budget forecast.
In the February revenue report posted Thursday (March 2) by the Arkansas Department of Finance and Administration (DFA) reported that “collections were above forecast in all major collection categories.” It’s a phrase that has become common with the DFA revenue reports.
