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LITTLE ROCK — Arkansas finance officials say the state ended its fiscal year with a $15.7 million surplus after a boost in sales tax collections over the past two months helped restore most of the budget cuts enacted earlier.

The Department of Finance and Administration said Wednesday that the state ended the fiscal year with $5.3 billion in net available revenue, which was $19 million below the previous fiscal year. Arkansas' fiscal year ended Friday.

Officials Friday said they would restore $60 million of the $70 million in budget cuts that had been made because of sluggish revenue. Most of that money went toward the Medicaid Trust Fund.

Arkansas' sales tax collections in June totaled $202.8 million, which was $7.9 million more than the same month last year and $2.6 million above forecast.

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

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Archived Comments

  • YoungHog
    July 5, 2017 at 12:44 p.m.

    Put it to ROADS and more POLICE officers

  • Foghorn
    July 5, 2017 at 4:18 p.m.

    This article is BREATHTAKINGLY MISLEADING. What about public pension deficits? Why do public employees still have traditional - and unsustainable - pensions instead of 401Ks like the rest of us? Why do they get unlimited, cumulative vacation days which would never happen in the private sector? Why are hundreds of police given cars and fuel for commuting which they then use for personal purposes while off the clock? Why is LR paying for both a (useless) mayor and a 'city manager'? We don't have a 'surplus' of anything except ignorance, hypocrisy and corruption.

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