- Associated Press - Monday, April 4, 2016

LITTLE ROCK, Ark. (AP) - Arkansas finance officials say a boost in tax collections and lower than expected refunds last month pushed the state’s revenue for the year so far nearly $73 million higher than forecast.

The Arkansas Department of Finance and Administration said Monday that net available revenue in March totaled $413.7 million. That’s $48.6 million above the same month last year and $41.1 million above forecast.

The state’s net available revenue for the fiscal year that began July 1 totals $3.8 billion, which is $123 million above the same time last year and $72.9 million above forecast.

Sales and individual income tax collections were above last year’s figures and above forecast, while individual and corporate tax refunds were below forecast. Corporate income tax collections were below last year but above forecast.


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