During 2024, the Arkansas Legislature will reconvene for the Fiscal Session, which takes place every two years, where appropriations are handled.
In an interview with Talk Business & Politics, Randy Zook, CEO of the Arkansas Chamber of Commerce, said that he expects there to be modest tax cuts implemented by lawmakers.
“There's a reason to be a little bit careful, it’s not just peddling to the metal, but we’re going to have to be careful. The state is still creating a surplus in the first half of this fiscal year,” he said.
During the last fiscal session, which was under former Gov. Asa Hutchinson, a Republican, lawmakers passed a budget for $6 billion for 2022-2023.
