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VOL. 127 | NO. 216 | Monday, November 05, 2012

Arkansas Revenues Dip in October

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 276 2,450
MORTGAGES 93 384 3,098
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 108 792 5,463
BANKRUPTCIES 54 296 1,946
BUSINESS LICENSES 29 147 917
UTILITY CONNECTIONS 51 293 2,040
MARRIAGE LICENSES 15 92 464

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