State Surplus Grows to $843 Million - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

State Surplus Grows to $843 Million

NOVEMBER 9, 2006 - Posted at 12:08 p.m. CST

 

LITTLE ROCK (AP) - A budget presented to legislators today shows the state will have an even larger surplus for the next two years.

The balanced budget recommendation and revenue forecast presented to lawmakers today projects an $843 million surplus for the next biennium. The previous surplus estimate was for $721 million.

In fiscal year 2008, net available revenues are expected to increase 1.8 percent, or $80 million over the previous year to nearly $4.5 billion. Fiscal year 2009 net available revenue is expected to increase 3.8 percent over the previous year, or $168 million to $4.6 billion.

Politicians have recommended a number of ways to use the surplus, including a rainy-day fund, rebates for taxpayers and the elimination of the state's six-cent grocery tax.

Arkansas' colleges and universities have asked for funding increases for capital improvements, while the state Department of Health and Human Services is asking for more money to cover the costs of its Medicaid program for about 750,000 Arkansans. State prison officials also are asking for increased funding.

On top of that, lawmakers have been told that $250 million will likely be needed over the next two years for a program to repair crumbling school buildings around the state.

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

  • Out-of-county liquor stores fighting against Randolph Co. wet/dry issue

    Out-of-county liquor stores fighting against Randolph Co. wet/dry issue

    Thursday, June 21 2018 1:01 PM EDT2018-06-21 17:01:39 GMT
    Thursday, June 21 2018 1:25 PM EDT2018-06-21 17:25:14 GMT
    A new campaign report shows who is donating money to fight against a potential wet/dry vote in Randolph County. (Source: KAIT)A new campaign report shows who is donating money to fight against a potential wet/dry vote in Randolph County. (Source: KAIT)
    A new campaign report shows who is donating money to fight against a potential wet/dry vote in Randolph County. (Source: KAIT)A new campaign report shows who is donating money to fight against a potential wet/dry vote in Randolph County. (Source: KAIT)

    A group fighting to prevent Randolph County from allowing liquor sales is funded by several liquor stores, including 2 from Missouri.

    A group fighting to prevent Randolph County from allowing liquor sales is funded by several liquor stores, including 2 from Missouri.

  • Police called to a robbery at CVS Pharmacy

    Police called to a robbery at CVS Pharmacy

    Thursday, June 21 2018 9:33 AM EDT2018-06-21 13:33:56 GMT
    Thursday, June 21 2018 12:41 PM EDT2018-06-21 16:41:32 GMT

    Jonesboro police are investigating a robbery at CVS Pharmacy, 110 Southwest Dr., Thursday morning.

    Jonesboro police are investigating a robbery at CVS Pharmacy, 110 Southwest Dr., Thursday morning.

  • Lepanto woman injured in deadly crash

    Lepanto woman injured in deadly crash

    Thursday, June 21 2018 8:33 AM EDT2018-06-21 12:33:02 GMT
    Thursday, June 21 2018 10:18 AM EDT2018-06-21 14:18:56 GMT
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)

    A crash in Central Arkansas injured a Lepanto woman Tuesday evening.

    A crash in Central Arkansas injured a Lepanto woman Tuesday evening.

Powered by Frankly