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…
by - March 3, 2020 3:18 pm
Better than expected payroll tax revenue and auto sales helped push state tax revenue above estimates. Year-to-date gross general tax revenue (July-February) totaled $4.531 billion, up 4.3% from the same…
by - January 3, 2020 1:06 pm
Year-to-date gross general tax revenue (July-December) totaled $3.376 billion, up 3.4% from the same period in 2018, with a gain in sales tax revenue and a rebound in auto sales…
by - December 3, 2019 3:48 pm
Year-to-date gross general tax revenue (July-November) totaled $2.763 billion, up 3.9% from the same period in 2018, with a healthy gain in sales tax revenue and payday timing helping boost…
by - November 4, 2019 3:21 pm
Heading into the all-important holiday season, Arkansas budget coffers in October were bolstered by healthy across-the-board tax collections in every major category, pushing funds available for state government use well…
by - July 2, 2019 6:09 pm
Arkansas budget coffers overflowed with a surplus of nearly $300 million at the end of fiscal year 2019 but state tax officials are budgeting conservatively for the next 12 months…
by - March 4, 2019 4:42 pm
Arkansas tax collections fell short of expectations in February due to thousands of federal employees across the state impacted by the partial government shutdown last month, state budget officials said…
by - September 5, 2018 12:40 pm
Arkansas tax collections were up across all categories in August as the state’s economy gained momentum heading into the post-Labor Day lull before turning the corner toward the all-important holiday…
