State`s Budget Presented Wednesday
By: Import User
Updated: January 7, 2009
Arkansas` chief financial officer will
present the state revenue forecast for 2006-07, along with the
governor`s balanced budget proposal, to legislators tomorrow.
Richard Weiss says Arkansas is in much better shape this year, than
it was before the last legislative session two years ago. He says
the state won`t need new taxes increase and should be able to live
within its means because of economic growth.
State revenues since this fiscal year began on July 1 were up
more than $100 million from last year through October, and some $74
million over the fiscal year forecast. However, Huckabee`s balanced
budget is based on the revenue forecast for the two-year budget
cycle that begins next July 1st and ends June 30th, 2007.
