Ark. revenues slightly up after budget cuts

Posted: Feb 2, 2010 7:06 PM

LITTLE ROCK, Ark. (AP) -- Finance officials say Arkansas'
revenues came in slightly ahead of forecast and of last year's
figures in January -- the month the state cut its budget by $106
million.
The Department of Finance and Administration on Tuesday said the
state's net available revenues were $14.9 million above last year
and $1.8 million above forecast.
Individual income tax collections were below last year, but
above forecast. Sales tax collections didn't change from last year
and were above forecast by $8 million.
Gov. Mike Beebe announced the $106 million cut after the state
saw a drop in its tax collections. Lawmakers meet at the Capitol
next week for a roughly month-long session focusing on the budget
for the coming fiscal year.

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