by - May 3, 2022 11:34 am
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…
by - April 4, 2022 12:37 pm
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….
by - March 2, 2022 3:35 pm
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…
by - February 2, 2022 4:55 pm
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…
by - January 4, 2022 10:46 am
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…
by - November 2, 2021 12:32 pm
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…
by - September 2, 2021 10:39 am
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…
by - August 3, 2021 11:13 am
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…
by - May 4, 2021 11:55 am
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…
by - April 2, 2021 12:44 pm
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 –…
by - March 2, 2021 12:17 pm
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…
by - January 5, 2021 11:58 am
Tax revenue continues to post solid gains considering that Arkansas’ economy still struggles under the weight of COVID-19. Gross revenue for the first six fiscal months (July-December) is up almost…
by - December 2, 2020 1:06 pm
Gains in retail and vehicle sales, along with a shift in individual income tax payments, continue to show up in Arkansas tax revenue that beats estimates. For the first five…
by - November 3, 2020 2:34 pm
Tax revenue in Arkansas’ first four fiscal months (July-October) totaled $2.558 billion, up 13.8% from the same period in 2019 and 12% over the budget forecast. The increase has resulted…
by - September 2, 2020 12:37 pm
As measured by double-digit gains in sales tax revenue in the state’s August report, Arkansans continued to spend through the summer despite COVID-19 worries, with gross revenue up almost 30%…
by - August 4, 2020 12:44 pm
State tax revenue in July totaled $766.8 million, up 47.2% thanks to an almost 90% growth in individual income tax resulting from a tax deadline shift from April to July,…
by - July 2, 2020 12:05 pm
Fiscal year 2020 (July 2019-June 2020) tax revenue ended down just 2.5% despite several months in early 2020 of economic disruption resulting from COVID-19 shutdowns. The revenue was 4.1% above…
by - June 30, 2020 4:15 pm
Gov. Asa Hutchinson said Tuesday (June 30) that better-than-anticipated tax revenue allows him to authorize a 2.2% merit pay increase for all state employees. The governor said the state will…
by - June 2, 2020 2:35 pm
May tax revenues did not see a big decline because of the COVID-19 disruption. Arkansas tax revenue in the first 11 months of the fiscal year (July 2019-May 2020) is…
by - May 4, 2020 1:04 pm
Arkansas tax revenue in the first 10 months of the fiscal year (July 2019-April 2020) is down 1.9%, but revenue in the April report was down more than 28% because…
