» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 216 | Monday, November 05, 2012

Arkansas Revenues Dip in October

AP

Print | Front Page | Email this story | Comments ()

LITTLE ROCK, Ark. (AP) – Arkansas finance officials say weak sales and income tax collections pushed the state's revenues in October below last year's figures and their predictions.

The Arkansas Department of Finance and Administration said Friday that the state's net available revenues in October totaled $355.6 million. That's $9 million below last year and $21.6 million below forecast.

The state's revenues for the fiscal year that began July 1 are $20.5 million above forecast.

The department said the dip was driven mainly by a temporary downswing in individual income tax from payroll timing in withholding tax. Individual income tax collections were below last year by $10.7 million and $2.3 million below forecast.

Sales tax collections were $1.1 million below last year's figures and $8.3 million below forecast.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 138 5,300
MORTGAGES 96 179 7,349
FORECLOSURE NOTICES 0 5 1,619
BUILDING PERMITS 0 308 12,375
BANKRUPTCIES 71 112 4,946
BUSINESS LICENSES 25 46 2,171
UTILITY CONNECTIONS 74 161 6,785
MARRIAGE LICENSES 20 51 1,541

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.