Arkansas Tax Revenue Surplus Near $550 Million; Year-To-Date Collections Up 7.5%

By TALK BUSINESS & POLITICS STAFF

Tax revenue through the first nine months of Arkansas’ fiscal year is up 7.5%, and the fiscal year-to-date revenue surplus – “net available revenue” collected beyond what was estimated – totaled $549.9 million.

The Arkansas Department of Finance and Administration (DFA) reported that gross revenue for fiscal year-to-date (July 2020 to March 2021) is $5.482 billion, up 7.5% compared with the same period in 2019-2020 and up 11.3% over the budget forecast. Part of the gain includes a shift in collections when the 2020 tax due date was moved from April to July, according to the DFA report.

https://www.ualrpublicradio.org/post/arkansas-tax-revenue-surplus-near-550-million-year-date-collections-75

CREDIT KUAR NEWS

CREDIT KUAR NEWS