Arkansas officials say COVID-19 relief funds won't be used to offset tax cuts
With American Rescue Plan money being in question of being rescinded, lawmakers still moving forward with upcoming special session to accelerate recent tax cuts.
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With American Rescue Plan money being in question of being rescinded, lawmakers still moving forward with upcoming special session to accelerate recent tax cuts.
Arkansas Gov. Asa Hutchinson on Tuesday proposed a $194.6 million increase in the state's general revenue budget to $6.04 billion in the fiscal year starting July 1, with most of the increase for public schools and human services programs.
Arkansas Gov. Asa Hutchinson on Tuesday proposed a $194.6 million increase in the state's general revenue budget to $6.04 billion in the fiscal year starting July 1, with most of the increase for public schools and human services programs.
The state Department of Finance and Administration on Thursday projected Arkansas would have a general revenue surplus of $264.4 million at the end of the current fiscal year, revising an earlier forecast to factor in income tax cuts enacted in last week's special session.
The state Department of Finance and Administration on Thursday projected Arkansas would have a general revenue surplus of $264.4 million at the end of the current fiscal year, revising an earlier forecast to factor in income tax cuts enacted in last week's special session.