Arkansas revenue exceeds expectations despite pandemic

August 4, 2020 Robert Delgiorno News 0

Arkansas
Fort Smith, Arkansas September 24, 2019 - The U.S. Marshals Museum in Fort smith Arkansas choose the 130th Anniversary of the U.S. Marshals to dedicate it’s brand new Hall of Honor and the museum building itself. This is the first part of the museum to be finished so far, the museum is still under construction and hopes to open to the public by the end of next year. Speakers at todays dedication included Doug Babb, Sam T. Sicard, Robert A. Young III, Ltd. Governor Tim Griffin, Governor Asa Hutchinson and U.S. Marshals Director Donald Washington. Photo by: Shane T. McCoy / US Marshals

LITTLE ROCK, Ark. (AP) — Arkansas finance officials say higher than expected sales tax collections boosted Arkansas’ revenue as the state began its fiscal year. The Department of Finance and Administration on Tuesday said the state’s net available revenue collections in July totaled $665.9 million, which was $203.1 million higher than the same month last year and $52.7 million above forecast. The department said all of the state’s major tax collection categories were above forecast, led by sales tax collections. The state collected $236.4 million in sales taxes last month. Arkansas’ fiscal year began on July 1.