State ends fiscal year up slightly on tax take | Arkansas Blog

Wednesday, July 2, 2014

State ends fiscal year up slightly on tax take

Posted By on Wed, Jul 2, 2014 at 10:14 AM

The state revenue report for June, which brings an end to the state fiscal year, shows tax revenue up barely for the year.

Gross receipts were $6.242 billion, an increase of $28.4 millioni or .5 percent above last year and a bare .2 percent above forecast. The year-end surplus of $78.7 million was 1.6 percent above the amount budgeted for distribution.

Some income shifting makes direct comparisons difficult, but income tax withholding — one good measure of economy — was up 2 percent for the year.

The latest trend isn't positive. In June, gross revenue was $616.4 million, or $5.1 million less than the same month last year. Sales tax collections fell 2 percent year to year. The net available for state agencies — after mandated off-the-top reduction — was $7.9 million less than the same month last year.


Tags:


Sign up for the Daily Update email
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

Readers also liked…

  • Speaking of the Clinton Foundation: Returns in maize and beans

    A reporter for Politifact, the Pulitzer Prize-winning fact-checking organization, sent a reporter to Africa to see where money given to the Clinton Foundation has been put to work. He found tangible results.
    • Sep 6, 2016
  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016

Most Viewed

Most Recent Comments

 

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