State has solid surplus after first eight months of fiscal year | Arkansas Blog

Tuesday, March 3, 2015

State has solid surplus after first eight months of fiscal year

Posted By on Tue, Mar 3, 2015 at 10:29 AM

Gross state tax revenue in February fell below forecast and the amount collected in the same month last year, but the state says timing issues have affected collections the first two months of this calendar year.

The bottom line for the first eight months of the fiscal year, which runs through June 30, is positive:

Gross revenues of $4.03 billion are up $125.1 million, or 3.2 percent above last year, and 1.7 percent above forecast. Net revenue, which is where a potential surplus comes in, are up $127.2 million, or 4 percent, above collections last year and 2.9 percent above forecast.



Tags:


Favorite

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

Readers also liked…

  • Free Zinn book for Arkansas teachers

    Arkansas teachers! Get your free Howard Zinn book here! Whether Kim Hendren likes it or not.
    • Mar 3, 2017
  • Payday lenders on the march at legislature

    Payday lenders are working hard to get legislative cover for the reintroduction of their usurious loan business to Arkansas. Some are fighting back.
    • Mar 10, 2017
  • Hospitality, restaurant groups oppose bathroom bill

    Add the restaurant and hospitality association to those opposed to Sen. Linda Collins-Smith's bill to keep transgender people out of public restrooms that match their gender identity.
    • Mar 16, 2017

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

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