November revenues flat, like Beebe said | Arkansas Blog

Friday, December 2, 2011

November revenues flat, like Beebe said

Posted By on Fri, Dec 2, 2011 at 10:52 AM

You heard the early word from Gov. Mike Beebe yesterday: the November report on state tax collections was flatter than a pancake, even a little deflated.

Net revenue were a tiny .2 percent above forecast and a tiny .5 percent below last year.

The news, it seems to me, is the year-to-date softness on sales tax revenues. Whether Internet or economy or combination, this is the engine of both state and local tax revenues and portends lean times unless the trend reverses.

Here's the full report.

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