Wesley Brown/ Talk Business & Politics

Wesley Brown is the Business Editor for Talk Business & Politics. He can be reached by email at wesbrocomm@gmail.com or follow him on Twitter @BrownOnBusiness.

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Brian Chilson / Arkansas Times

A Pentagon official confirmed that a decision on the $30 billion award for Joint Light Tactical Vehicle project remains on schedule for an award in the fiscal fourth quarter, which for the U.S. military concludes at the end of September, Talk Business & Politics has learned.

Arkansas severance tax collections fell more than 50% in May from year ago levels as the state’s rig count plummeted to single digits and drilling crews are leaving the state for other richer wet shale plays across the U.S., according to state severance tax and employment data and industry reports.

That has left state tax revenue for natural gas production at just over $4 million in May, down 54.5% from $8.8 million a year ago, according to monthly tax data compiled by the Revenue Division of the Arkansas Department of Finance & Administration.

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