Legislators To Hear From State's Top Economic Official

May 6, 2015

Credit Michael Hibblen / KUAR News

An Arkansas legislative committee is scheduled to hear from the state's top economic official.

The Joint Committee on Economic and Tax Policy will meet at the state Capitol Wednesday at 2 p.m. for a presentation on the state's general revenue forecast from Department of Finance and Administration Director Larry Walther.

State officials released the April revenue report Monday, which showed a surge in tax collections in nearly every major category.

DFA officials say the state's net available revenue in April totaled $624 million, which is $53.8 million higher than the same month last year and $82.4 million above forecast.

The state's revenue for the fiscal year that began July 1 totals $4.3 billion, which is $163.8 million above forecast, according to Monday's report.