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.

Here's the full report.

Tags:

From the ArkTimes store

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…

  • From Dallas, creative thinking about the Interstate 30 project

    An urban planner in Dallas says freeways are not always the answer. Incorporating some creativity already being used in Dallas and looking at the Interstate 30 project from a broader perspective, here are ideas that Arkansas highway planners have not considered. But should.
    • Nov 6, 2015
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Polling reported in Democratic Senate primary; includes Bill Halter

    A friend reports an interesting automated poll Thursday night, relating to one announced and perhaps another potential Democratic candidate for U.S. Senate.
    • Nov 7, 2015

Most Shared

  • Hutchinson lobbyist moves to Teacher Retirement System

    Rett Hatcher, director of legislative affairs for Gov. Asa Hutchinson, has left the governor's staff to go to work Wednesday as deputy director of the Arkansas Teacher Retirement System.
  • Obamascare

    Republicans at long last may be about to see their most fervent wishes and wildest predictions materialize — millions of people losing their medical and hospital coverage, unaffordable insurance, lost jobs, a Medicare financial crisis, mushrooming federal budget deficits and fiscal crises across state governments.
  • Megyn vs. Alex

    As vigorously hyped broadcast events go, Megyn Kelly's televised confrontation with internet conspiracy cultist Alex Jones proved something of a dud.
  • Monkey wrenches

    Junior is 17 now, and shows no interest in driving, or even taking the driving test. It's got his Old Man a little concerned, and not just because we're running a car service for one these days.

Most Viewed

Most Recent Comments

Blogroll

Slideshows

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation