State money report: mixed | Arkansas Blog

Wednesday, March 2, 2011

State money report: mixed

Posted By on Wed, Mar 2, 2011 at 10:15 AM

As Republican legislators mobilize to cut spending a touch to justify humongous tax breaks for the wealthy, the state issues its February revenue report.

The important numbers: Gross collections were up 1.8 percent over the same month a year ago, but below the forecast. The net was up significantly because of an unexpected drop in tax refunds, but that was offset by the unexpected weakness in income tax and sales tax collections.

It is not a report that suggests huge tax cuts would be prudent, if you believe in schools, higher education, prisons, state assistance for nursing home and health care, State Police and a few other similar luxuries.

Tags: ,


Sign up for the Daily Update email
Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • Arkansas Supreme Court refuses to rehear invalidation of marijuana act

    The Arkansas Supreme Court today denied a request to rehear its decision invalidating Issue 7, the medical marijuana initiated act.
    • Nov 3, 2016
  • Former Arkansas Baptist professor 'exploring' run for Little Rock Ward 7 city director

    Edmond "Ed" Davis, a former professor at Arkansas Baptist College and the executive director of a school applying for a charter in Southwest Little Rock, will announce the formation of an exploratory committee for a campaign for the Little Rock city director Ward 7 position. Brenda "B.J." Wyrick has held the position since 1994.
    • Apr 3, 2018
  • 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

Most Recent Comments

Slideshows

 

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