fbpx

January revenue up, above expectations

January net general revenues are up because of higher than expected gains in all major tax categories such as sales tax and income tax. Revenue from January was higher than this time last year by about $37.6 or 7.8 percent...

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 cuts, however, are likely to be scaled back. Today...

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...

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 implemented, would reduce taxes for manufacturers and many wealthy...

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 from the Arkansas Department of Finance and Administration. The...

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 bed-far more than we pay per student for K-12...