Wonky Word Wednesday: Consumer Price Index
Have you ever wondered how budget makers and policy wonks are able to come up with how much money it takes to pay for something? A key part of understanding the value of goods is connected to our use of...
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...
Kids Count Day at the Capitol – The budget is a moral document
Remarks by AACF Executive Director Rich Huddleston at the Kids Count Day press conference: The state budget is a moral document. It represents Arkansas’s commitment to investing in the future of our children and families and ensuring that all...
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...
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 the lost revenue will impact vital programs for children...
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...
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 to the same scrutiny as other “normal” budget spending....
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...
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