by - April 3, 2011 7:00 pm
State Tax Collections Up; Refunds Could Reduce Gains
Year-over-year gains in Arkansas tax collections may be offset by individual and corporate tax refunds later in the fiscal year, according to the Arkansas Department of Finance & Administration.
Budget: The legislature approved a $4.6 billion budget packed with more money for schools and prisons, but austere in many other areas. The General Assembly blocked Gov. Mike Beebe’s proposed 1.86% pay increase for state employees… and went further on tax relief.