The Beebe administration budget proposal was presented to the legislature today. It did include another one-cent cut in the grocery tax, as predicted here yesterday. There’s the rainy day fund proposed for surplus money. There’s more money for child services.

Above, Gov. Beebe talked with reporters about it afterward.

Key documents: Two-year spreadsheet here. And go here for DFA Director Richard Weiss’ summary of the outlook.

Before our reporter was even back from the Capitol, we’d received a response from Arkansas Advocates for Children and Families, wishing that the governor had done more for kids — such as more health insurance coverage, substance abuse treatment and pre-K programs. We heartily endorse the AACF’s idea of closing the corporate tax loophole that allows companies to use bookkeeping tricks to avoid income tax payments here. We can dream, can’t we?