Arkansas` Economy Doing Better
By: Import User
Updated: January 7, 2009
The state finance office reporter today that
greater than expected sales and income tax collections helped lift
state revenues above projections for November.
Solid increases in those sectors, most watched by economists,
helped overcome slippage in recent months that suggested the
state`s economy was not keeping pace with the national recovery.
The director of the state Department of Finance and
Administration said that the state is back on forecast even though
the economy didn`t make a hugh leap during November. He said a lot
of the slippage was just timing and that the rosy outlook in the
national economy is filtering down to Arkansas.
The state collected 318.6 million gross general
revenues last month. That`s 26 million more than November last
year.
Posted by Mike Hellgren
