State Revenues Increase
By: Import User
Updated: January 7, 2009
A healthy boost in withholding taxes
highlighted robust August revenue collections, the state finance
office reported today.
A 19.2 million, or 9.1% jump in
withholding taxes from the previous month, helped pushed August
collections to $355.9 million. That`s a $37 million increase over a year ago and $26.2 million, or eight percent, above forecast. The figures come from a
state Department of Finance and Administration report.
Individual income taxes and gross receipts collections also
showed healthy increases.
The department director said that job growth in Arkansas has
been better than in many other states, which could account for much
of the bump.
