Arkansas sees tax revenue jump by 6.4%
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 […]
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Arkansas residents will see income tax breaks in 2023
(The Center Square) – Arkansas’ state income tax is the lowest ever recorded and tax payers will see an immediate benefit when they file in 2023. The Legislature first agreed to rolling back the income tax from 5.5% to 4.9% in December 2021. Lawmakers held a special session in August to make the cuts retroactive […]
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Brentwood City Council moves to fix affordable housing shortage | Brentwood | #citycouncil
After several months of discussion, the Brentwood City Council took a step toward fixing the city’s housing shortage because it has fallen far short of its state-mandated housing goals. The new amendment to the Municipal Code, approved at the council’s July 12 meeting, will require developers to set aside 13% of future housing projects to […]
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Arkansas could see accelerated tax cuts thanks to state surplus
HARRISON, Ark. (KY3) – As the fiscal year came to an end in June, Arkansas set a record in state income surplus at more than $1.62 billion. Last week, Governor Asa Hutchinson reacted to the record state surplus and announced his intent to call an Extraordinary Session of the Arkansas General Assembly. “This represents the […]
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