State revenue continues ahead of last year, near forecast target | Arkansas Blog

Friday, January 3, 2014

State revenue continues ahead of last year, near forecast target

Posted By on Fri, Jan 3, 2014 at 9:56 AM

The state report on tax revenue in December shows gross and net revenue for the month just about on target with the forecast, up about 3 percent over last year.




For the first six months of the budget year, which runs through June 30, net revenues have topped more than $2.5 billion, which is about $32 million, or 1.3 percent, more than the forecast on which the state budget was figured. So some surplus is accumulating, if not in amounts that would seem necessary to meet the tax cuts and needs some envision.

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