LITTLE ROCK, Ark. (KAIT) – Despite higher prices, Arkansas businesses and consumers have been thriving.
In the Arkansas Department of Finance and Administration’s December report, fiscal year-to-date Arkansas tax revenue totaled $4.15 billion, up 6.4% compared with the same period in 2021, and 3.3% above the projected forecast.
Individual income tax revenue in the first six months of the fiscal year (July to December) was $1.77 billion, up 4.3% compared with the same period in 2021 and 1.9% above the budget forecast.
The agency said the net available revenue at the end of the first six months was $125.2 million.
You can read more on the full report by visiting content partner Talk Business & Politics’ website.
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