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Arkansas Revenue Exceeds Expectations After Sales Tax Increase

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Arkansas has exceeded revenue expectations by $15.1 million for the month of September.

According to John Shelnutt, an economist with the Department of Finance and Administration, sales taxes in particular has expanded by eight percent and may account for revenue increases. 

Shelnutt  said revenue growth may not continue at such a rate long term.  

"There are a few signs of slowing in the national economy and the global economy so that may be a factor down the line," he said. 

Growth has been above forecast for the last six months and is nearly $50 million dollars higher than anticipated for the fiscal year. 

Sarah Whites-Koditschek is a former News Anchor/ Reporter for KUAR News and Arkansas Public Media.