Arkansas – State Revenue for November Sets a Record

Arkansas’ general-revenue tax collections in November increased by $23 million, or 4.7%, over what the state took in for the same month a year ago to $515.2 million, largely as a result of surging individual income-tax receipts and rising sales and use tax collections.

Last month’s collections beat the state’s forecast by $7.6 million, or 1.5%, the state Department of Finance and Administration said Tuesday in its monthly revenue report.

November’s total general revenue collection is a record for the month, exceeding the previous record of $492.2 million in November 2018, said Steve Wilkins, a tax analyst for the department.

Gov. Asa Hutchinson said the November revenue report “is encouraging as we head into December.”

For the full story: Arkansas Democrat Gazette

Arkansas Democrat Gazette
by michael R. Wickline
December 4, 2019