State Revenues Slow After Grocery Tax Cut - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

State Revenues Slow After Grocery Tax Cut

LITTLE ROCK, AR - A state report shows that Arkansas' revenues dipped by seven percent in July as the state enacted cuts in the state sales tax on groceries and the tax manufacturers pay on utilities.

The state reported yesterday that net available revenues totaled $351.6 million in July, $26.8 million below last year.  That figure, however, was still $11.1 million, or three percent, above the state's forecast.

The state reported that sales tax collections totaled $179.2 million last month, a decrease of $7.8 million, or 4.2 percent, below last year.  The sales tax collections were below the state's forecast by $1.6 million, or nearly 1 percent.

(The Associateed Press contributed to this report.)

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

  • Drowning victim's name released

    Drowning victim's name released

    Sunday, June 25 2017 7:36 PM EDT2017-06-25 23:36:36 GMT
    Monday, June 26 2017 9:53 AM EDT2017-06-26 13:53:48 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    According to the Craighead County Sheriff's Office, 32-year-old Robert William Hollyfield of Marmaduke was pronounced dead at the scene.

    According to the Craighead County Sheriff's Office, 32-year-old Robert William Hollyfield of Marmaduke was pronounced dead at the scene.

  • Fire at tire shop ruled arson

    Fire at tire shop ruled arson

    Monday, June 26 2017 7:58 AM EDT2017-06-26 11:58:09 GMT
    Monday, June 26 2017 9:52 AM EDT2017-06-26 13:52:10 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    The Craighead County Sheriff's Office says the fire at Bono Tire & Auto Monday, was intentionally set. 

    The Craighead County Sheriff's Office says the fire at Bono Tire & Auto Monday, was intentionally set. 

  • Two Paragould men find connection through loss and health struggles

    Two Paragould men find connection through loss and health struggles

    Friday, June 23 2017 12:26 PM EDT2017-06-23 16:26:56 GMT
    Monday, June 26 2017 8:36 AM EDT2017-06-26 12:36:05 GMT
    (Source: KAIT)(Source: KAIT)

    A Region 8 man's loss 20 years ago now has him on a mission to find a kidney donor for his new friend.

    A Region 8 man's loss 20 years ago now has him on a mission to find a kidney donor for his new friend.

Powered by Frankly