Arkansas Revenue Report for December, 2006

The December Revenue Report isn't online yet, so I asked Richard Wilson for an advance copy before tomorrow's Joint Budget meeting. We're now halfway through the current fiscal year, and here's how we compare to the last fiscal year:

Collections of Gross general Revenues year-to-date of approximately $2,495.5 million have increased $126.7 million, or 5.35%, above the $2,368.8 million collected last fiscal year-to-date. Net General Revenue available for distribution this month if $385.9 million increased $5.1 million, or 1.34%, from the $380.8 million available for distribution in December, 2005.

The state's CFO transferred roughly $2.1 million from Corporate Income Tax to the Workforce 2000 Development Fund in accordance with Act 1315 of 1999 for a current total of roughly $12.1 million.

Bottom line is that we're 6.9% ahead of the adjusted net available for distribution above where we were in the previous fiscal year. This is basically in line with the cumulative deviation from DFA Net General Revenues available for distribution forecast.

In addition to the Revenue Report, Rep. Thyer says that we'll hear some specifics on Governor Beebe's proposed budget tomorrow morning. Joint Budget meets at 9:00am in t he morning in Rm. 171. You can read the agenda here.