State taxes continue slide | Arkansas Blog

Wednesday, September 2, 2009

State taxes continue slide

Posted By on Wed, Sep 2, 2009 at 10:13 AM

The August state revenue report -- the second month of the fiscal year -- continues the downward trend, sharply. Net and gross amounts are well below last year and the pessimistic forecast.

A particular sore spot, it seems to me, is a gross receipts number -- 10 percent below forecast. We've been seeing this all over the state in local sales tax collections. Governments are going to have some adjusting to do if this continues much longer.

Here are the details.

UPDATE: Guv's office says:

Two months of data is insufficient to draw any conclusions about economic trends. Governor Beebe monitors State receipts on a daily basis and remains cautiously optimistic about the forecast for this fiscal year.

Sign up for the Daily Update email

Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

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
  • Little Rock school activists announce events for 60th anniversary of Central High crisis

    The group is not affiliated with the official "Reflections of Progress" commemoration of the 60th anniversary. However, at least two of the Little Rock Nine may be joining the group for an event at 2:30 p.m. at the state Capitol in the Old Supreme Court Chamber.
    • Sep 14, 2017
  • 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 Recent Comments


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