The news from the monthly state revenue report for April was mixed.

Gross revenue in April  of $793.7 million was down $7.5 million from last year, but $8.4 million above forecast.

Advertisement

The net, after mandatory deductions for such things as constitutional agencies, was $661.3 million or 6 percent more than last year and 5.9 percent above forecast, but a one-time payment of $8 million from ending on an insurance pool inflated the number. The rise was attributed to individual income tax, perhaps a spinoff from the state’s low unemployment rate. But corporate income tax and the important sales tax came in below forecasts.

Ten months into the fiscal year, the state has a $110 million surplus of income above the forecast that was appropriated.

Advertisement

Help to Keep Great Journalism Alive in Arkansas

Imagine the power of a dedicated voice bringing to light the challenges and triumphs of Arkansas’s largest industry. With a $25,000 match from Report For America, the Arkansas Times will bring on a reporter dedicated to covering agricultural and environmental issues in The Natural State. This role is crucial: agriculture employs 243,000 Arkansans and generates $19 billion annually. Help us ensure that our farmers and agricultural workers are given the coverage they deserve. Your donation makes a direct impact—support local journalism that supports Arkansas.

Previous article Hog feeding operation’s peril to Buffalo River Next article Bloody Mary, Bloody Mary, Bloody Mary: a cocktail guide