Arkansas Revenue Growth Expected to Slow in 2007

MAY 3, 2006 - Posted at 2:08 p.m. CST

LITTLE ROCK, AR - State finance officials say higher interest rates and rising fuel costs will slow Arkansas' fast-growing revenues.

Arkansas is expected to have a $332 million surplus for fiscal year 2006, which ends June 30.

Arkansas Department of Finance & Administration Richard Weiss says the new state revenue forecast indicates a surplus of about $100 million less, $234 million, for fiscal year 2007.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)