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Arkansas finance officials release revenue forecast

By The Associated Press

This article was published December 2, 2013 at 12:29 p.m.

LITTLE ROCK — Arkansas finance officials are releasing the general revenue forecast for the coming fiscal year ahead of next year's legislative session.

The Legislature convenes in February for a session devoted to the state's budget. On Monday, the Department of Finance and Administration released its official general revenue forecast for the coming fiscal year, along with an update for the current fiscal year.

The agency said net available revenue in the 2015 fiscal year is expected to increase by about 2 percent compared with the forecast for the current fiscal year, which ends June 30. The agency also revised its forecast for the current fiscal year down 0.3 percent compared with its previous forecast.

Gov. Mike Beebe said Monday that the latest numbers reflect slow growth.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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