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Arkansas’ surplus for the current fiscal year is approaching half a billion dollars

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Little Rock, Arkansas – Arkansas’ surplus for the current fiscal year is approaching half a billion dollars.

According to The Department of Finance and Administration on Monday, the state’s net available revenue for the fiscal year, which began July 1, now totals more than $5 billion.

That’s more than $390 million above the same time last year, and $456 million above forecast.

The state’s individual income, sales, and corporate income tax collections in March were all above the same month last year and above forecast.

With a nearly $1 billion surplus, the state ended its last fiscal year.

 

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