State tax revenue sends positive message in August | Arkansas Blog

Wednesday, September 3, 2014

State tax revenue sends positive message in August

Posted By on Wed, Sep 3, 2014 at 9:46 AM

The state report on tax revenue for August seems to show an unalloyed uptick.

The net — after mandatory deductions — of $398.3 million was 2.7 percent more than the same month last year and 3.2 percent above forecast. Every category showed an uptick, except for sales tax collections, which were adjusted by a one-time audit. But sales taxes grew when adjusted for this event. Tobacco tax was down, a small contributor. Gambling revenue at the Southland and Oaklawn casinos continued to show double-digit growth.


After two months of the fiscal year, the state is running $2.5 million ahead of forecast.

Tags: ,


Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • Little Rock school activists announce events for 60th anniversary of Central High crisis

    The group is not affiliated with the official "Reflections of Progress" commemoration of the 60th anniversary. However, at least two of the Little Rock Nine may be joining the group for an event at 2:30 p.m. at the state Capitol in the Old Supreme Court Chamber.
    • Sep 14, 2017
  • Trump tariffs hit farmers hard

    Well, the trade war has begun and the early returns for farmers are not good — sharp reductions in the prices for soybeans and corn. You may have heard that Arkansas, which overwhelmingly supported Donald Trump, has some agricultural interests, particularly in soybeans.
    • Jul 6, 2018
  • Arkansas legislature rejects bipartisan effort to study race relations

    On Friday, the Arkansas Legislative Council soundly rejected a bipartisan effort by two senators to to create a temporary legislative subcommittee to study race relations in the state.
    • Sep 15, 2017

Most Recent Comments

 

© 2019 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation