LITTLE ROCK, Ark – As the state of Arkansas closes the book on its business year, officials say it has built up a billion-dollar-plus nest egg.
Figures released July 5 by the Department of Finance and Administration show the Natural State’s fiscal year ended June 30 with a $1.628 billion surplus for 2022.
The Arkansas Revenue Stabilization Act, passed in 1944, prohibits deficit spending, so state officials must forecast out their expenses and income each year.
Informational Meeting About Fire and Police Tax Thursday
Tick Season Is in Full Force
What is the Potential Heat Index Readings for This Week? Update
Warriors Retreat Holds Ribbon Cutting
Lettuce Recall Continues, Expands