Arkansas tax revenues for October above forecast - KAIT Jonesboro, AR - Region 8 News, weather, sports

Arkansas tax revenues for October above forecast

Associated Press - November 4, 2008 12:54 PM ET

LITTLE ROCK, Ark. (AP) - State revenues for October came in above generally forecast, thought the figures arrived a day after Gov. Mike Beebe said the state has to brace for the effects of the nation's economic woes.

Net available general revenues were $1.555.7 million, year to date, which is $72.3 million or 4.9% above last year and $71.1 million or 4.8% greater than the state fiscal office had forecast.

The Department of Finance and Administration said Tuesday general revenues were above forecast because of increases in individual income tax collections and $13.7 million that was transferred from unclaimed property proceeds.

On Monday, Beebe cautioned that any surplus money in the legislative session that starts in January should be reserved to plug holes in the budget. Beebe said the state Medicaid program and prisons will likely receive additional funding, but other areas of government may have a tougher go finding more money.

Legislators have already begun fall budget meetings. A revenue forecast and budget proposal for the coming 2-year budget cycle are expected to be released Nov. 13.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

  • Texas Roadhouse coming to Jonesboro

    Texas Roadhouse coming to Jonesboro

    Monday, June 25 2018 12:09 PM EDT2018-06-25 16:09:53 GMT
    Monday, June 25 2018 1:50 PM EDT2018-06-25 17:50:50 GMT
    (Source: Texas Roadhouse website)(Source: Texas Roadhouse website)

    There will be a new restaurant coming to Jonesboro next year.

    There will be a new restaurant coming to Jonesboro next year.

  • Two probationers arrested after loaded rifle found

    Two probationers arrested after loaded rifle found

    Monday, June 25 2018 11:50 AM EDT2018-06-25 15:50:09 GMT
    Monday, June 25 2018 12:47 PM EDT2018-06-25 16:47:28 GMT
    (Source: Mississippi County Sheriff's Office)(Source: Mississippi County Sheriff's Office)
    (Source: Mississippi County Sheriff's Office)(Source: Mississippi County Sheriff's Office)

    Two people in Mississippi County were arrested last week after violating probation.

    Two people in Mississippi County were arrested last week after violating probation.

  • Sinkhole at Spring River continues to grow, official says

    Sinkhole at Spring River continues to grow, official says

    Friday, June 22 2018 7:28 PM EDT2018-06-22 23:28:30 GMT
    Monday, June 25 2018 11:31 AM EDT2018-06-25 15:31:49 GMT
    Officials are working to find a solution to a sinkhole on the Spring River in Fulton County. (Source: Arkansas Game and Fish Commission Facebook page)Officials are working to find a solution to a sinkhole on the Spring River in Fulton County. (Source: Arkansas Game and Fish Commission Facebook page)

    A sinkhole in the Spring River in Fulton County where a man was killed earlier this month presents major safety issues as officials continue to work on a solution to the issue. 

    A sinkhole in the Spring River in Fulton County where a man was killed earlier this month presents major safety issues as officials continue to work on a solution to the issue. 

Powered by Frankly