Arkansas recorded impressive revenue growth in November 2025, with net available general revenue reaching $552.4 million—a 7.8% increase over November 2024 and 3.4% above the state’s monthly forecast. The strong performance was led by a sharp rise in individual income tax collections, signaling continued economic stability as the state nears the midpoint of fiscal year 2026.
Individual income tax revenue climbed to $285 million, up 16.3% year-over-year and $22.3 million above forecast. State officials attributed the exceptional growth to an extra payroll cycle in November and higher-than-expected tax return payments tied to the federal filing deadline extension through December 3.
For the first five months of fiscal year 2026, Arkansas has generated $2.82 billion in net available revenue, exceeding last year by $81.2 million and surpassing forecast by $108.7 million.
Sales and use tax revenue totaled $303.4 million, rising 2.9% from last year but landing slightly below forecast due to a Thanksgiving-week timing shift. Adjusted for this anomaly, underlying growth is estimated at 3.3%. Corporate income tax collections dipped to $11.4 million, down $5.8 million from 2024 but still performing above expectations…