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Thursday, August 28, 2014, 10:31 a.m.
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Arkansas ends fiscal year with $78.7 million surplus

By The Associated Press

This article was published July 2, 2014 at 10:06 a.m.

LITTLE ROCK — Arkansas' finance office says the state ended the fiscal year with a nearly $79 million budget surplus.

The Department of Finance and Administration reported Wednesday that the state's net available revenue for the fiscal year that ended June 30 totaled $5.02 billion. That's $4.5 million lower than the previous year, but $78.7 million higher than originally forecast.

The department said the state was able to fund all categories of its budget for the fiscal year.

Officials said the state's individual income tax collections came in below last year's figures, but higher than forecast. They also said the state paid out less in income tax refunds than originally forecast.

The state's sales tax collections for the fiscal year came in lower than forecast, but above the previous year's figures.

Comments on: Arkansas ends fiscal year with $78.7 million surplus

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Packman says... July 2, 2014 at 11:47 a.m.

Put Republicans in charge of the purse strings and look what happens!

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FreeSpiritMan says... July 2, 2014 at 11:52 a.m.

What legislation has have been passed by the republicans that directly led to the surplus?

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Murphy01 says... July 2, 2014 at 12:09 p.m.

Who cares, we should all ask when to expect a refund?

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Packman says... July 2, 2014 at 12:14 p.m.

Hey FSM - That would be all the state budget bills. Are you really that dumb?

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Pacorabone says... July 2, 2014 at 12:54 p.m.

Sounds like time for a refund and tax cut! Before greedy Beebe decides he should waste, I mean spend it

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carpenterretired says... July 2, 2014 at 1:39 p.m.

The Walton family is in need of a tax cut.

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PatWaverly says... July 2, 2014 at 3:56 p.m.

No Carpenterretired, the PatWaverly family needs a tax cut.

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FIREARK says... July 2, 2014 at 4:08 p.m.

Frick'n overlay Hwy. 161 from I-40 to Hwy. 70. NOW! and Hwy. 165 NLR to Scott

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FIREARK says... July 2, 2014 at 4:11 p.m.

& 365/MacArther Drive! My truck would thank you!

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HotSpringsLawyer says... July 2, 2014 at 5:12 p.m.

All this means is that collections were a bit higher than predicted. Neither Republicans nor the Governor did it. Bills to limit womens' rights, oppress poor voters, and call for guns everywhere, all the time, cannot be given credit.

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