Arkansas Senate President Michael Lamoureux says he hopes to reach agreement by the end of the week with Gov. Mike Beebe and House leaders on a tax cut package.
Lamoureux told reporters Wednesday that legislative leaders are still discussing what would be in that tax cut agreement - but he hoped to have a deal soon. House Speaker Davy Carter has called on lawmakers to approve $150 million in tax cuts, while Lamoureux has said he thinks $100 million in cuts is more likely.
Arkansas House Speaker Davy Carter says the House and Senate are working to develop between $50 million and $60 million in tax cuts in each chamber.
The House on Monday passed the first of its proposed tax reductions, one that would benefit poultry and catfish producers. Carter, a Republican from Cabot, says there are still no specifics available on what state spending will be cut.
Carter says the spending cuts have to be considered in light of Gov. Mike Beebe's proposed budget and potential future spending needs.
Officials with the Arkansas Department of Workforce Services report a slight increase in the state’s unemployment rate. Department spokeswoman Kimberly Friedman says unemployment in Arkansas was up by one tenth of a percentage point from 7.1 percent in December to 7.2 percent in January.
Former President Bill Clinton is expected to help announce the launch of an initiative that expands the availability of microloans for small business owners and aspiring entrepreneurs in the Little Rock area.
Clinton is slated to appear Friday afternoon at the launch of Kiva City Little Rock. The program connects small business owners to an online community where people can lend money to Arkansas businesses.
U.S. Senator Mark Pryor of Arkansas says he’s once again filing a bill that would mandate a 4-year review of all energy programs and energy needs in the country.
Pryor, a Democrat, said the measure received bipartisan support last year, but he’s still trying to gain support from Republican lawmakers this time around. Because of fracking and horizontal drilling, Pryor says there is now an abundance of natural gas in Arkansas, but…