Arkansas Tax Revenue Up 3.3% Year-to-Date
by November 5, 2011 6:31 pm 67 views
Despite “weak” retail sales the gross year-to-date tax collections in Arkansas total $1.842 billion, up 3.3% compared to the 2010 period, according to an Arkansas Department of Finance & Administration report released Wednesday (Nov. 2).
The year-to-date gross revenue for the first four months of Arkansas’ 2012 fiscal year (July-October) is 1.1% above the forecast.
The year-to-date gross receipts collections — a gauge of consumer spending — total $719.8 million, down 0.5% compared to 2010 and down 3.4% below the revenue forecast.