Poverty guidelines are out of date
Poverty guidelines play two important roles, they are a scorecard for how we are doing as a state, and they help determine...

Investments in health and education paying off for Arkansas kids
Arkansas made gains in health coverage and education over the last year, but the child poverty rate went up to 29 percent....

New report confirms AACF findings on school discipline
The *Office of Education Policy* (OEP) at the University of Arkansas shared a new report on school discipline with the State Board...

Accounting year ends in surplus
June closed out this fiscal year with net general revenues of $539 million for the month (-1.4 percent less than last year)...

- View All

Follow Us RSS



You Tube

What's Happening What's New Sign Up for AACF Action Alerts Subscribe to Our Email Newsletters Join The Kids Count Coalition
Modest Revenues in May
Modest Revenues in May
Posted by Eleanor Wheeler on June 4th 2014

Year-to-date net general revenues are just .1 percent above last year’s levels according to the May general revenue summary from the Department of Finance and Administration. The monthly total for May was 5.6 percent lower (or $18.8 million less) than this time last year. DFA explains that this drop was the result of a “shift of approximately $20 million in Corporate Income tax collections previously reported in April but normally expected in filings for May”. This is why we saw higher numbers in April and then a dip the following month. Despite the ups and downs, the year-to date-totals are still headed for a fully funded budget. A small uptick in collections for individual withholding tax and a drop in the Sales and Use tax also contributed to last month’s reduced revenue collections. Net general revenue represents the bottom line of funds available for distribution to state agencies and is calculated by taking certain off-the-top deductions from gross general revenue (like education adequacy funding and tax refunds).

Post your comment


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments

Arkansas Advocates for Children & Families
Union Station - 1400 West Markham Suite 306 - Little Rock, AR 72201
Phone: (501) 371-9678 - Fax: (501) 371-9681 - Email: info@aradvocates.org