State Budgets: Arkansas Forecasts Surpluses
January 3, 2009
Arkansas Gov. Mike Beebe (R) has introduced a balanced $4.4 billion budget, including $145 million in unfunded spending, and a $30 million cut in the sales tax on groceries from 3 percent to 2 percent (the general sales tax is 6 percent). The budget also proposes adding $120 million to the state’s rainy day fund over the next two years.
More on Arkansas here.