Arkansas revenue boosted by sales, corporate tax collections

wireready_01-03-2020-19-54-03_00061_money3

LITTLE ROCK, Ark. (AP) – Arkansas has started 2020 with a $93 million surplus. The Arkansas Department of Finance and Administration said Friday higher than expected sales and corporate income tax collections in December helped keep the state’s revenue above forecast for the current fiscal year.

The department reported the state’s net available general revenue in December was more than $547 million. That’s $6 million above December 2018 and more than $5 million above forecast. The state’s net available revenue so far for the fiscal year that began July 1 totals nearly $3 billion and is about $93 million above forecast.

WebReadyTM Powered by WireReady® NSI