Quarter-billion surplus: it ain't chump change | Arkansas Blog

Saturday, July 5, 2008

Quarter-billion surplus: it ain't chump change

Posted By on Sat, Jul 5, 2008 at 4:25 PM

Andrew DeMillo surveys the possibilities for some quarter-billion in surplus state revenues with a legislative session approaching. Capital spending? You know some legislators would like that. More money for Gov. Beebe to lavish on industrial prospects? You know he'd like that. Tax cuts? You know Republicans will ask for that. If spending continues to exceed budgets there IS the possibility of further movement on removing the sales tax on groceries. But can Arkansas continue to run counter to generally dismal national conditions, thanks to the shale play?

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