LITTLE ROCK — The Arkansas Department of Finance and Administration says revenue collections for August came in above forecast by 1.5 percent.
The agency said Wednesday that net available revenue for August totaled $387.8 million. The sum is $18.7 million, or 5.1 percent, above August revenue from 2012, and $5.7 million above forecast.
The state's fiscal year began July 1 and tax collections beat the finance department's forecast for both July and August.
Finance officials say August results were helped by one-time sales tax audit payments. Also, corporate income tax collections were higher than expected.
Individual income tax collections were weaker than expected and partially offset areas with higher collections.
For the fiscal year, the state has collected $798 million, which is 1.7 percent above forecast.
Read tomorrow's Arkansas Democrat-Gazette for full details.