Changing how we tax capital gains
A relatively small number of wealthy Arkansans who make money from the sale of investments reaped the benefits from the capital gains tax cuts passed in 2013. These expensive tax […]
Governor’s tax plan leaves out poorest Arkansans
The governor’s new tax cut plan is a step in the right direction for tax fairness, but leaves out the poorest 20 percent of Arkansans and raises concerns about how […]
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 […]
4 things you should know about budget surpluses in Arkansas
Larger surpluses mean a smaller pool of money for major programs like pre-K and often end up benefiting “pet projects.” Surplus spending is harder to track and is not subject […]
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 […]
Two Budget Proposals from Beebe
Governor Beebe introduced two separate budget proposals this month, depending on whether legislators choose to put off nearly $30 million in tax cuts for two years. The tax cuts, if […]
Monthly revenue report for July
Net general revenues came in below expectations (by $9.8 million or 2.4 percent) and fell short of last year’s numbers (by $7.1 million or 1.7 percent) according to today’s report […]
Pre-K, not prisons
They’ve done it again. The legislature provided funding for prisons in this special session. About $6.3 million was funded this time to open 600 prison beds. That’s about $10,500 a […]
What makes special revenue special?
Special revenue collections are a major source of revenue for the Arkansas budget, totaling $1.8 billion in FY2013. However, they are often left out of the budget spotlight because the […]
Lame Duck Update: A Mixed Bag for Low-Income Families
It has been an eventful few weeks at the United States Capitol. Congress has finally agreed on some of the most important issues facing the nation, and it has been a […]