Arkansas finance officials say an increase in sales and income tax collections kept the state’s revenue in November above forecast and the level recorded in November 2017.
Source: www.miamiherald.com
Arkansas’ state revenue in November 2018 was above the forecast as well as the level recorded in November 2017. This was primarily achieved through an increase in sales and income tax collections. The Department of Finance and Administration said that the state’s net available revenue in November 2018 was $407.1 million ($28.1 million above November 2017 figure and $11.5 million above the forecast). The state’s net revenue so far for the fiscal year commencing July 1st is $2.3 billion.
