State's Economic Rebound Not Up To National Pace - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

State's Economic Rebound Not Up To National Pace

November 4, 2003 - Posted at 4:40 p.m. CDT

LITTLE ROCK, AR - Arkansas' chief fiscal officer blamed a $12.3 million shortfall in October revenue collections on an error in calculating the corporate income tax estimate.

But Ricard Weiss also acknowledged today that the state's economic output has not kept pace with the national recovery.

The nation's manufacturers registered their highest level of activity in nearly four years last month, signaling the national economy is growing at a robust rate.

The positive manufacturing numbers suggest that the economy will show sound growth in the current quarter.

By comparison, the Arkansas Department of Finance and Administration reported today that net available general revenues since the fiscal year began July 1 were 4.5 percent more than at the same time a year ago.

Weiss said the growth certainly is not up there with the national economic progress.

(Copyright 2003 by The Associated Press.  All Rights Reserved.)

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

  • Applications begin to fill city councilman's seat

    Applications begin to fill city councilman's seat

    Thursday, July 20 2017 7:16 PM EDT2017-07-20 23:16:24 GMT
    Thursday, July 20 2017 7:51 PM EDT2017-07-20 23:51:01 GMT
    (Source: City of Jonesboro Facebook Page)(Source: City of Jonesboro Facebook Page)

    The City of Jonesboro announced it began accepting applications to fill the seat of Ward 5, Position 1, to fill the term of Darrel Dover.

    The City of Jonesboro announced it began accepting applications to fill the seat of Ward 5, Position 1, to fill the term of Darrel Dover.

  • City better protected than ever, officials say

    City better protected than ever, officials say

    Thursday, July 20 2017 7:32 PM EDT2017-07-20 23:32:18 GMT
    Thursday, July 20 2017 7:46 PM EDT2017-07-20 23:46:54 GMT
    (Source: KAIT-TV)(Source: KAIT-TV)

    The Brookland Fire Protection District's ISO rating is down.

    The Brookland Fire Protection District's ISO rating is down.

  • Deadline approaching to receive disaster assistance

    Deadline approaching to receive disaster assistance

    Wednesday, July 19 2017 11:43 PM EDT2017-07-20 03:43:48 GMT
    Thursday, July 20 2017 7:36 PM EDT2017-07-20 23:36:06 GMT
    (Source: KAIT)(Source: KAIT)

    The Small Business Administration Office of Disaster Assistance has approved $2.5 million dollars in federal assistance to those affected by the flood this year, but now they are warning those affected about the deadline to apply for that assistance.

    The Small Business Administration Office of Disaster Assistance has approved $2.5 million dollars in federal assistance to those affected by the flood this year, but now they are warning those affected about the deadline to apply for that assistance.

Powered by Frankly