Arkansas’ revenues in March were ahead of last year and beat official projections, as the state saw increases in nearly all major tax collections, the state’s finance office said on April 3.
The Arkansas Department of Finance and Administration said net available revenues totaled $356.3 million last month. That’s $40.5 million above March 2011 and $42.4 million above forecast. The state’s fiscal year-to-date revenues total $3.3 billion, which is $94.7 million above last year and $62.6 million above forecast. Arkansas’ fiscal year begins July 1.
Department Director Richard Weiss said the state isn’t planning to adjust its forecast upward because of the increased revenues, but said he believes it shows the state is slowly recovering from the economic downturn.
View the Original article
