Budget Solutions Top Agenda for Assembly - KAIT Jonesboro, AR - Region 8 News, weather, sports

84th General Assembly Special Session

Budget Solutions Top Agenda for Assembly

May 5, 2003
Posted at: 2:56 p.m. CDT

LITTLE ROCK, Ark. -- As legislators convene this morning for a special session to create a state budget, state agency budgets and higher taxes are at the top of the agenda.

Lawmakers are faced with how to generate enough revenue to cover a $250 million shortfall in the budget for each of the next two years.

This morning, supporters of a tobacco sales tax gathered to rally in support of a levy they say would pump $90 million into state coffers and help keep children from smoking.

The tax would either be 16 percent at the wholesale level or 15 percent at the retail level.

Tobacco lobbyists, meanwhile, maneuvered to minimize the increases on an industry that increasingly appeared to be the main target for higher taxes.

They plan to present an alternative to the House Rules committee today that would offer a 30-cent per pack increase on wholesale cigarettes and five percent wholesale tax on all other tobacco products.

Today, Representative Bill Stovall of Quitman said he planned to introduce a bill that would combine a lower tobacco tax increase and a small surcharge on income tax. He said it would generate $90 million.

Last week, Governor Huckabee floated the possibility of a one cent sales tax. One-fourth would be applied to the budget shortfall and the rest held in escrow to go toward court-ordered education reforms to be tackled in the fall.

Copyright 2003 Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Lake City officials take wait and see approach on flooding

    Lake City officials take wait and see approach on flooding

    Friday, February 23 2018 11:11 PM EST2018-02-24 04:11:18 GMT
    Friday, February 23 2018 11:42 PM EST2018-02-24 04:42:04 GMT
    A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)
    A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)

    Heavy rains have impacted areas throughout Northeast Arkansas while officials in Lake City said Friday they are doing fine after a much-needed break in the rain. 

    Heavy rains have impacted areas throughout Northeast Arkansas while officials in Lake City said Friday they are doing fine after a much-needed break in the rain. 

  • Father reunited with son's stolen ashes

    Father reunited with son's stolen ashes

    Friday, February 23 2018 11:35 PM EST2018-02-24 04:35:16 GMT
    Friday, February 23 2018 11:40 PM EST2018-02-24 04:40:20 GMT
    (Source: KAIT)(Source: KAIT)
    (Source: KAIT)(Source: KAIT)

    The Peevey family can now rest after two people confessed to destroying their loved one’s final resting place and stealing his ashes.

    The Peevey family can now rest after two people confessed to destroying their loved one’s final resting place and stealing his ashes.

  • A Family for Me: Alex

    A Family for Me: Alex

    Friday, February 23 2018 9:08 PM EST2018-02-24 02:08:56 GMT
    Friday, February 23 2018 10:49 PM EST2018-02-24 03:49:43 GMT
    10-year-old Alex is looking for a home. (Source: KAIT-TV)10-year-old Alex is looking for a home. (Source: KAIT-TV)
    10-year-old Alex is looking for a home. (Source: KAIT-TV)10-year-old Alex is looking for a home. (Source: KAIT-TV)

    This week, Region 8 News' Ryan Vaughan had the opportunity to talk with 10-year-old Alex. 

    This week, Region 8 News' Ryan Vaughan had the opportunity to talk with 10-year-old Alex. 

Powered by Frankly