We're in the money | Arkansas Blog

Wednesday, July 2, 2008

We're in the money

Posted By on Wed, Jul 2, 2008 at 10:31 AM

The state revenue report for June shows that the state tax stream hasn't disintegrated just yet.

Revenue for the month was up. The gross amount was up 4.2 percent over the same month last year and up 8.5 percent over forecast.

June was the last month of the fiscal year. The state took in $5.575 billion overall in fiscal 2008, 2.5 percent more than the previous year (and reflecting a cut in the state sales tax on food) and .8 percent above the forecast, as revised in May.

The state ended with a surplus of $176.5 million in general revenues. Enough cushion to take the rest of the sales tax off food? There are some who think Gov. Mike Beebe's squeaky tight budgeting elsewhere (colleges, particularly, are howling) has that in mind.

Or maybe he'll just loosen state spending. His statement today:

"Even though Arkansans are struggling with skyrocketing fuel prices and other increasing expenses, our State's economy continues to show signs of strength in spite of the national downward trend.   Our conservative budgeting and careful planning have put Arkansas in an advantageous economic position compared to many other states.  Because our national economy still faces daunting challenges, I remain alert to the potential for additional downturns in the coming months.

"If we continue to hold steady in the next two-to-three months, we will consider revising our economic forecast upward and restoring at least some of the funding that our state agencies have been asked to do without in the new fiscal year."

 

 


Sign up for the Daily Update email
Favorite

Comments (11)

Showing 1-11 of 11

Add a comment

 
Subscribe to this thread:
Showing 1-11 of 11

Add a comment

More by Max Brantley

Readers also liked…

  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

  • The Tom Cotton Big Lie open line

    Here’s the Saturday open line with some info on Tom Cotton's attack on Clarke Tucker, apparently viewed as a threat to French Hill's re-election from the 2nd District.

Most Recent Comments

  • Re: The Tom Cotton Big Lie open line

    • NVR, I was a pharmacist until recently so I already know about poison. ;-) But…

    • on May 26, 2018
  • Re: The Tom Cotton Big Lie open line

    • "my crackpot musings" Never fear, you're not a Rapert-level crackpot. Perhaps HE'S a simulant who's…

    • on May 26, 2018
  • Re: The Tom Cotton Big Lie open line

    • Olphart--I haven't read that book, but I read one a few years ago on the…

    • on May 26, 2018

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation