Arkansas finance officials say a rise in sales and income tax collections last month pushed the state's revenue above last year's figures and expectations.
The Department of Finance and Administration on Tuesday said the state's net available revenue in November totaled $391.1 million, which was $41.4 million above the same month last year and $24.8 million above forecast.
The state's revenue for the fiscal year that began July 1 totaled $2.1 billion, which is $24.8 million above forecast.
The department said individual income tax collections totaled $227.1 million, which was $29.4 million above the same month last year and $12.2 million above forecast. Sales tax collections totaled $180.5 million, which was $5.3 million above the same month last year and $700,000 above forecast.
