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Commercial barge traffic on the Arkansas River has been shuttered due to the Mississippi River’s historic low water levels.
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A new study finds Arkansas’ arts and culture industry had a $306.4 million impact on the state’s economy in 2022 alone.
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Total Arkansas tax revenue in the first fiscal quarter was $2.057 billion, down 1.1% compared with the same period of 2022, but 6.9% above the forecast.
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The company expects to create 200 new jobs at the facility over the next three years.
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An increase in the number of jobless between July and August was partially responsible for Arkansas’ jobless rate rising from 2.6% in July to 2.7% in August.
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Arkansas’ tax revenue in the first two months of the fiscal year was $1.256 billion, up 2.1% above the same period in 2022 and 4.6% above the forecast.
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Year-over-year job gains Arkansas during July outpaced labor force growth which helped keep the state’s jobless rate at a record low of 2.6%.
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Larry Walther, former secretary of the Arkansas Department of Finance and Administration, was appointed to the position by Gov. Sarah Sanders, after the death of Mark Lowery.
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Arkansas began the new fiscal year with total tax revenue of $643.3 million in July, up 4.5% compared with July 2022 and 3.5% above the budget forecast.
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Sen. Brian King, R-Green Forest, has said a special session needs to be called regarding a bill passed by the Arkansas Legislature that limits local governments' ability to regulate crypto mining.