State revenue jumps up in January | Arkansas Blog

Tuesday, February 3, 2015

State revenue jumps up in January

Posted By on Tue, Feb 3, 2015 at 12:12 PM

Hopes among supportive legislators for a revenue flow sufficient to pay for Gov. Asa Hutchinson's income tax cut got a boost from the state's report on state tax take in January.

The gross was $55 million, or almost 10 percent more than January 2104, and $54.6 million above forecast.

Year to date, the gross is running $79 million, or 2.2 percent, ahead of forecast. Budgets are pegged to the forecast.

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