Hurray for Tax (Credits) Day!

Today, April 15th, is tax day. As a society, we rely on taxes to maintain infrastructure and services we largely take for granted: public education, the roads and bridges we drive on, the water we drink, the health inspectors...

State agencies asked to do more with less

Tax cuts from the two most recent legislative sessions are making for modest forecasts and eating away at state agency budgets. The joint budget committee met today to go over the new revenue forecast as well as the accompanying...

“Surplus” is a backhanded compliment

If you are hoping that recent tax cuts will generate new revenue to pay for more parks, quality public schools, and services for veterans and the elderly, don’t hold your breath. The November report from the Department of Finance...

No such thing as free money

Revenue neutral options that sound too good to be true always are. A “revenue neutral” plan is one in which money is shifted around, but the total amount that the state spends stays the same. In other words: “no new...

Weak revenue growth hurts communities

Recent income tax cuts are taking a bite out of the funds that pay for our parks, bridges, schools and public safety. These funds are supposed to grow as the economy grows, and as need for more teachers, social...

Tax cuts weighing down revenue growth

Recent tax cuts are weighing down the revenue growth that Arkansas needs to address our crumbing roads, our hurting schools, and to help the one in four kids growing up in poverty in our state. Two big reasons for...

February revenue above forecast

Growth in net general revenue collections for February and the year as a whole could allow policymakers to boost funding for education, healthcare, and other services. Revenue from February was higher than this time last year by about $6.2...

Monthly Revenue Report: December

Despite smaller than expected revenues from sales tax and individual income tax, December revenues came in above forecast. Higher than expected corporate income tax collections and lower tax refund payments contributed to the increase in revenues. Net general revenue...

Monthly revenue report for November

General revenues for last month and for the year as a whole came in above expectations. Total net general revenue for November was $391.1 million, up 11.8 percent (or $41.4 million) from last year and about seven percent above...