Tag: Arkansas tax revenue

Lower tax rates push Arkansas revenue down almost 3%

Arkansas’ fiscal year-to-date (July 2024-December 2024) tax revenue is $3.973 billion, down 2.9% compared with the same period in the previous fiscal year, according to Friday’s (Jan. 3) report from…

Arkansas tax revenue down 2.2%; surplus estimated to be $278.6 million

Arkansas’ fiscal year tax revenue surplus is estimated to be $278.6 million, below the $698.4 million surplus in the previous fiscal year, with the decline primarily the result of income…

Arkansas tax revenue down 4.3% in October, above budget forecast

Arkansas’ fiscal year-to-date (July 2024-October 2024) tax revenue is down 3.2% compared with the same period in the previous fiscal year, but is 1.1% above budget estimates. October collections were…

Arkansas tax revenue in first fiscal quarter down 2.6%

Arkansas’ fiscal year-to-date (July 2024-September 2024) tax revenue is down 2.6% compared with the same period in the previous fiscal year. September collections were down 2.3% with the decline primarily…

Arkansas begins new fiscal year with a 4.3% dip in tax revenue

Arkansas tax revenue began the new fiscal year (July 2024-June 2025) with $614 million, down 4.3% compared with July 2023, and 0.3% above the budget forecast, according to a report…

Arkansas ends fiscal year with tax revenue surplus just under $700 million

Arkansas tax revenue totaled more than $8.7 billion in the fiscal year ending June 30, with the Arkansas Department of Finance and Administration (DFA) reporting Tuesday (July 2) an annual…

Arkansas’ May tax revenue up almost 2%, year-to-date tax revenue down 1.1%

An almost $80 million gain in sales tax revenue was not enough to offset income and corporate tax revenue declines, leaving overall Arkansas tax revenue down 1.1% in the first…

Arkansas’ estimated revenue surplus rises to $708 million

Arkansas legislators received a nice surprise Wednesday (May 15) when the Arkansas Department of Finance and Administration (DFA) revised the fiscal year 2024 revenue surplus estimate from $240 million to…

Arkansas’ year-to-date tax revenue up 1.4%, April revenue down 0.7%

Continued gains in sales and use tax revenue helped push total Arkansas tax revenue up 1.4% in the first 10 months of the fiscal year (July 2023-April 2024). Fiscal year…

Arkansas’ March tax revenue up 3.2%, year-to-date revenue down 1.5%

Sales tax and income tax gains pushed Arkansas’ total tax revenue up more than 3% in March, but year-to-date revenue is down 1.5%, according to a report posted Tuesday (April…

Arkansas tax revenue down 2%, year-end surplus estimated at $240.5 million

Tax revenue is down 2% in Arkansas’ fiscal year, with a revised general revenue forecast including an estimated fiscal year-end surplus of $240.5 million, according to a report posted Monday…

Arkansas revenue surplus rises to $231.2 million, year-to-date revenue down 1.8%

State tax revenue totaled $4.86 billion in the first seven months (July 2023-January 2024) of the fiscal year, down 1.8% compared with the same period in the previous fiscal year,…

Arkansas year-to-date tax revenue down 1.3%, surplus rises to $216.4 million

State tax revenue totaled $4.093 billion in the first six months (July-December) of the fiscal year, down 1.3% compared with the same period in 2022, and up 6.7% against the…

Arkansas surplus at $144.1 million; total tax revenue down 1.4% in July-November period

State tax revenue totaled $3.324 billion in the first five months (July-November) of the fiscal year, down 1.4% compared with the same period in 2022, and up 5.6% against the…

Arkansas tax surplus at $108.2 million, tax revenue down 1.1% in first fiscal quarter

Total Arkansas tax revenue in the first fiscal quarter (July-September 2023) was $2.057 billion, down 1.1% compared with the same period of 2022, but 6.9% above the forecast. The state’s…

Arkansas tax revenue up 2.1% in first two fiscal months; surplus at $33.2 million

Helped in part by gains in auto and retail sales, Arkansas’ tax revenue in the first two months (July-August 2023) of the fiscal year was $1.256 billion, up 2.1% above…

Arkansas tax revenue up 4.5% to begin new fiscal year

Arkansas began the new fiscal year with total tax revenue of $643.3 million in July, up 4.5% compared with July 2022 and 3.5% above the budget forecast, according to a…

Arkansas ends fiscal year with a $1.161 billion tax surplus

Arkansas ended the fiscal year with a $1.161 billion tax revenue surplus driven in part by a more than 8% growth in sales tax collections. But recent federal data suggests…

Arkansas’ tax revenue surplus estimated to be $1.03 billion

Arkansas’ fiscal year-to-date (July 2022-May 2023) tax revenue is up 0.4% compared with the same period in the previous fiscal month, and the revised budget indicates the state will end…

Arkansas’ tax revenue surplus at $430 million through April

With just two months remaining in Arkansas’ fiscal year, tax revenue is on track to beat the record collections in the previous fiscal year. Also, the state’s revenue surplus was…