Arkansas legislative leaders are trying to whittle down a list of more than $92 million in requests to tap the state's surplus as they finalize a proposed $5 billion budget bill.
The chairmen of the Joint Budget Committee on Thursday said they hoped to release that afternoon the proposed Revenue Stabilization Act, the state's budget bill, but are still negotiating over requests to use the state's projected $126 million surplus for various one-time needs.
House Speaker Davy Carter says he would prefer to save more than $100 million in the surplus and not spend it on any projects. Carter said he believed there was general agreement among legislative leaders on that idea.
Releasing the budget bill Thursday would clear the way for lawmakers to vote on the legislation next week.