(The Center Square) - Arkansas’ general revenue for September was lower than last year but exceeded the forecast by over $100 million, state officials said Friday.
The state collected just over $2 billion last month, said Dr. Carlos Silva with the Bureau of Legislative Research told council members. It represented a 1.1% decline from last year, down $22.4 million, Silva said.
“Even though we had those declines, it’s still above the forecast,” said Silva. “We have a total of $108 million above forecast and the forecast did include some surplus.”“We expect to see some increase in the end of this fiscal year on those collections, but as of right now we have a lot of those numbers that are based on last year,” Silva told the council.
“We’ve just had this Israel thing on top of the Ukraine thing, you have the things in Washington D.C., is there any concern or anything that we need to change our spending patterns that keep increasing spending or are we just going to keep going?” King asked."Since the revenue started flowing in we’ve still stayed below 3%. I looked at some reports nationally, some states raised their spending 15-20%, they just raised their spending as more money came in,” Brech said.
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