(AP) – Arkansas lawmakers have given initial approval to
legislation outlining the state’s proposed $5.6 billion budget for the coming year.The House on Thursday, approved by an 87-5 vote, the proposed Revenue Stabilization Act, Senate Bill 122, which calls for a nearly $173 million increase in state spending for the year beginning July 1.The final vote is scheduled for Friday morning.The Senate approved an identical version of the measure by a 28-3 vote Thursday with Linda Collins-Smith as the only local senator to diapprove. Both chambers are expected to give final approval to the measure on Friday.
legislation outlining the state’s proposed $5.6 billion budget for the coming year.The House on Thursday, approved by an 87-5 vote, the proposed Revenue Stabilization Act, Senate Bill 122, which calls for a nearly $173 million increase in state spending for the year beginning July 1.The final vote is scheduled for Friday morning.The Senate approved an identical version of the measure by a 28-3 vote Thursday with Linda Collins-Smith as the only local senator to diapprove. Both chambers are expected to give final approval to the measure on Friday.
The proposal mirrors the budget proposal Republican Gov. Asa Hutchinson
unveiled in January, with most of the funding increase going toward the state’s Medicaid program. It also calls for setting aside $64 million in projected surplus money for highway needs and future tax cuts.
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