Tag: Arkansas tax revenue

Arkansas tax revenue up 3.2% in January; surplus nears $195 million

Another month, another similar growth story with Arkansas’ tax revenue. Total revenue in the January report was $807 million, up 3.2% compared to what was a healthy January 2022, and…

‘High growth’ in sales tax collections pushes Arkansas tax revenue up 6.4%

If the economy is slowing, no one told Arkansas businesses and consumers. In the December report, fiscal year-to-date Arkansas tax revenue totaled $4.145 billion, up 6.4% compared with the same…

Sales tax revenue helps push overall Arkansas tax collections up 5.6%

Continued “high growth” in sales tax revenue helped push Arkansas’ fiscal year-to-date (July-November) tax collections to $2.971 billion, up 5.6% compared with the same period in 2021. The revenue is…

Arkansas tax revenue almost 10% above forecast in October report

It’s the same song, different month, with respect to strong state tax collections. Arkansas’ tax revenue in the first four months of the fiscal year (July-October 2022) was $2.791 billion,…

Arkansas tax revenue surplus near $175 million in the first fiscal quarter

Arkansas’ tax revenue surplus is almost $175 million to end the first quarter of Arkansas’ fiscal year (July-September 2022). Total revenue in the three month period was $2.08 billion, up…

Sales tax gains push Arkansas tax revenue up 4.4% in August report

Arkansas tax revenue in the first two months of the fiscal year (July-August) is $1.23 billion, up 3.5% thanks in large part to an 8.5% increase in sales and use…

Arkansas tax revenue up 2.6% in July, 3% above forecast

Arkansas began its fiscal year in July with sales tax revenue of $615.9 million, up 2.6% compared with July 2021, and 3% above the forecast. After ending the previous fiscal…

Arkansas ends fiscal budget year with historic $1.628 billion surplus; special session called (Updated)

The previously estimated Arkansas budget surplus of $1.473 billion grew to a record $1.628 billion, which resulted in Gov. Asa Hutchinson on Tuesday (July 5) calling for an Aug. 8…

Arkansas officials estimate budget surplus to reach $1.473 billion

With all key tax categories showing year-over-year gains through 11 months of Arkansas’ fiscal year, state officials project a fiscal-year end budget surplus of $1.473 billion, according to Thursday’s (June…

Arkansas’ available tax revenue surplus just under $1 billion

Arkansas’ net available fiscal year-to-date revenue surplus is $987.9 million thanks in large part to record business and individual income tax payments in April. The fiscal year (July 2021 to…

Arkansas’ year-to-date sales tax revenue up 13.2%, surplus tops $450 million

Broad gains in consumer spending helped push Arkansas’ year-to-date (July 2021 to March 2022) tax revenue up 7.6%, with sales tax revenue in March up 33.2% compared with March 2021….

Arkansas’ fiscal year-to-date tax revenue surplus tops $290 million

An improving economy for hotels and restaurants and increased motor vehicle sales helped push Arkansas’ tax revenue up 7.1% in February, with year-to-date (July 2021 to February 2022) revenue up…

Arkansas’ fiscal year-to-date tax revenue up 5.9%

Continued gains in sales tax revenue helped push Arkansas’ fiscal year-to-date (July 2021 to January 2022) tax revenue to $4.678 billion, up 5.9% compared with the same period in the…

Arkansas’ December tax revenue up almost 19%

An almost 20% gain in December sales tax revenue and an almost 12% fiscal year-to-date (July-December) gain in sales tax revenue has pushed overall Arkansas tax revenue up 1.5% over…

Arkansas’ October tax revenue up 12.3%, fiscal year-to-date revenue up 1.2%

Tax revenue in the first four months of Arkansas’ fiscal year (July-October) is up 1.2% compared to a record period in 2020, with fiscal year-to-date collections in major categories just…

Arkansas tax revenue declines fiscal year-to-date, but 9.5% above forecast

Arkansas tax revenue for the first two months of the fiscal year (July-August 2021) is down almost 11% compared to the same period in 2020, but is 9.5% above budget…

Arkansas tax revenue falls almost 22% in July because of 2020 tax shift

Tax collections in July, the first month of Arkansas’ fiscal year, were down almost 22% with the numbers “distorted” because of the pandemic-relief income tax shift in 2020, according to…

Arkansas tax revenue surplus more than $700 million; year-to-date collections up 11.1%

Calendar shifts with tax filing, an improving economy and federal stimulus payments helped boost April tax revenue almost 20% more than the forecast, and pushed the state’s year-to-date revenue surplus…

Arkansas tax revenue surplus near $550 million; year-to-date collections up 7.5%

Tax revenue through the first nine months of Arkansas’ fiscal year is up 7.5%, and the fiscal year-to-date revenue surplus – “net available revenue” collected beyond what was estimated –…

Arkansas sales tax revenue up almost 15% in February report, revenue surplus tops $500 million

The February tax revenue report again shows broad year-over-year gains to include an almost 15% increase in statewide sales and use tax revenue – a sign that consumer spending appears…