April revenue shortfall

As you've read by now, Governor Beebe has authorized the release of rainy-day funds and other fund transfers to protect state services after an unanticipated shortfall in April revenue. The anomaly in non-wage revenues, also appearing in other states around the country, has led the Arkansas Department of Finance and Administration to recommend a reduction in the FY2010 budget forecast of $41 million. Click here for a copy of the full report.