State Revenues Slowing Down

NOVEMBER 2, 2006 - Posted at 3:00 p.m. CST

LITTLE ROCK, AR - Arkansas' revenue growth slowed last month, with the state seeing only a slight increase in the amount of money generated for the state.

The Arkansas Department of Finance and Administration says revenues for October were better than last year and above predictions, but not at the high rates seen in previous months.

Net available revenue for October totaled $338 million, up $3.2 million.  That's a one percent jump over October revenues last year.  The figure also was $6 million above forecast, or 1.8 percent above the monthly figure predicted.

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