Beebe to continue tax paring | Arkansas Blog

Tuesday, November 9, 2010

Beebe to continue tax paring

Posted By on Tue, Nov 9, 2010 at 2:16 PM

Gov. Mike Beebe will submit a state budget Wednesday that includes another half-cent reduction in the two-cent tax on groceries, down from 6 cents when Beebe started reducing it. He figures the budget can accommodate the spending reduction, though it will necessarily tighten spending elsewhere at least a little. There will be no other proposed tax increases or reductions.

Revenue has been picking up. Forecasters are expecting something like a 2 percent increase in spending for education, which means an overall budget increase somewhere in that range. State employees undoubtedly wonder what it means to them. Spokesman Matt DeCample says he's not at liberty to discuss further elements of the budget.

The half-cent will cost roughly $15 million, based on past figures. Why not go for the whole enchilada, a small cost in a multi-billion-dollar budget. "It's still a tight budget," DeCample said. "We're going to be cautious and conservative."

Tags: ,


Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

  • Jared Henderson outlines health goals

    Jared Henderson, the Democratic candidate for governor, has released a list of ideas to improve access to health care and reduce costs, leading with an end to the computer work reporting requirement for participation in the expanded Medicaid program. "Our focus needs to be ensuring that Medicaid funds are spent appropriately and effectively, not making it harder for citizens that need coverage to get it," he said.
    • Sep 18, 2018
  • Tuesday's open line and the daily news roundup

    The open line and the day's news roundup.
    • Sep 18, 2018
  • Bryant High School band withdraws from French Hill campaign rally

    The Bryant High School Band has withdrawn from a planned appearance at a campaign rally Friday for Republican U.S. Rep. French Hill after learning it was a political event.
    • Sep 18, 2018
  • More »

Readers also liked…

Slideshows

Most Recent Comments

 

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