The Kansas Supreme Court has ruled that it was unconstitutional for the state to cut school spending to cope with declining tax review. It had an unfair burden on poor school districts, the court ruled. It's the sort of case that could lie in Arkansas's future.
Corporate results come and go, but I thought the report from Dillard's this morning on December sales was of a piece with state tax reporting yesterday that, stripped of estimated income tax payments, showed modest gains, but not stunning jumps, in such areas as taxes on retail sales.
The state revenue report for the fiscal year ending June 30 is in and it shows net income for the year up by almost $250 million, or 5.8 percent more than the previous year, and 2.1 percent above forecast.