Arkansas – Officials Brace For Decreases In Sales Tax Revenue

Officials from both Fort Smith and Sebastian County are unsure exactly what effect the coronavirus pandemic will have on sales tax revenue.

The uncertainty comes after Gov. Asa Hutchinson ordered the closure of all bars and restaurant dining rooms in the state March 19 and the Arkansas Department of Health ordered the closure of beauty parlors, barbershops, nail salons, massage therapy studios and tattoo parlors as of March 25.

Fort Smith City Administrator Carl Geffken said in a recent interview that the city will not know the real impact until May at the earliest, although it can make projections. This is due to a lag from the locations that collect the sales tax and submit it to the Arkansas Department of Finance and Administration.

For the full story: Arkansas Democrat Gazette

arkansas Democratic Gazette
by thomas saccente
April 6 2020