Arkansas tax revenue in the first seven months of the fiscal year (July 2025-January 2026) totaled $4.777 billion, up 1.7% compared with the same period in the previous fiscal year and 3.6% above the budget forecast.
The state’s revenue surplus — revenue above the forecast — was $160.3 million at the end of January, the Arkansas Department of Finance and Administration (DFA) reported Tuesday (Feb. 3).
The DFA reported that some of the revenue in the fiscal year is from revenue that under normal circumstances would have been recorded in the previous fiscal year. The state agency also said the latest revenue report received a bump from taxes paid on a winning Powerball ticket…