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Monday, July 16, 2018, 11:26 a.m.

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Report: Arkansas ends fiscal 2018 with $41.7 million above forecast

By John Moritz

This article was published July 3, 2018 at 10:23 a.m.

Arkansas ended fiscal 2018 with $41.7 million above forecast, as revenues were buoyed by stronger-than-expected individual income tax collections, according to the annual revenue report released Tuesday.

Gross collections by the state totaled $6.76 billion during the fiscal year, which ended Saturday. That total was about 2.7 percent more than was collected in the previous fiscal year, according to the report.

Still, gross general revenues over the year fell slightly below forecast, but deductions were also down, meaning the state ended the year with higher net available revenues than it had budgeted for.

Department of Finance and Administration Director Larry Walther, who presented the report Tuesday, said it was indicative of a strong economy and better wages for Arkansans.

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

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Comments on: Report: Arkansas ends fiscal 2018 with $41.7 million above forecast

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Displaying 1 - 3 of 3 total comments

JMort69 says... July 3, 2018 at 12:29 p.m.

OK, well let's hide that money so the crooks in our legislature can't get their hands on it before we can get rid of them!

( | suggest removal )

Murphy01 says... July 3, 2018 at 12:49 p.m.

Better yet, how about giving it back to the taxpayers. It is ours after all.

( | suggest removal )

jbrooks121 says... July 3, 2018 at 1:06 p.m.

And yet, they want to raise taxes.

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