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Arkansas' general revenue surplus of $1.161 billion in the fiscal year that ended June 30 is the second consecutive fiscal year that state government's general revenue surplus exceeded $1 billion, and Arkansas' financial fortunes are similar to some other states that have seen their tax collections significantly exceed their expenses in recent fiscal years.
Gov. Gavin Newsom’s support could prove critical.
by Dave Fidlin, The Center Square contributor | June 15, 2021 05:00 PM Print this article sframephoto/Getty Images/iStockphoto Bucking a trend seen across much of the U.S., Maine held steady on its tax revenue receipts when COVID-19 lockdowns went into effect last March. The trend continued through the pandemic’s one-year milestone. In its latest report on tax recovery efforts within the U.S., Pew Charitable Trusts concluded tax revenue grew enough by February to mitigate the most severe losses in the early months of the pandemic. Maine was one of 29 stat...