Arkansas Department of Finance and Administration
Arkansas Banks and Retailers Prepare for a Penny-Free Future
The farewell to the penny may be saving money at the U.S. Mint, but consumers and retailers will face challenges in order to adjust to the change. read more >
by Griffin Coop -
State Tax Revenue Dips 1.2% in December
Individual income tax and sales tax collections partially offset lower corporate collections. read more >
Arkansas Applies for $1B in Federal Rural Health Funding, Unveils Major Health Plan
The proposal targets workforce shortages, telehealth expansion, chronic disease management, medical education and emergency services modernization. read more >
by Chloe McGehee -
State Tax Revenue Falls 8% in September
Gains in some categories were offset by lower corporate tax collections. read more >
Arkansas on Pace for Record Medical Marijuana Sales in 2025
Dispensaries in Hot Springs and Sherwood reported the highest sales. read more >
Rusty Meeks Steps Down as President of Arkansas Travelers, Joins State Department of Finance
His time with the Minor League Baseball franchise spanned more than two decades, beginning in his youth as a bat boy. read more >
State Projects $214.8M Surplus as Storm Relief Delays Tax Deadlines
The projection also reflects reductions in personal income tax and corporate income tax rates during the 2024 special legislative session. read more >
State Tax Revenue Drops 21% in April After Storms Push Back Filing Deadlines
A shift in payments this year from April to earlier in tax filing season also factored into the decline. read more >
Lake Hamilton Resort Faces Foreclosure in $2.6M Loan Default Case
Vista at the Lake, a Lake Hamilton resort, faces receivership in a $2.6M loan default case as lender seeks foreclosure and rent control amid mounting debt. read more >
State Tax Revenue Falls 6.1% in December
Net available general revenue totaled $626.4 million, down $40.4 million from the same month last year. read more >
State Tax Revenue Falls 5.1% in April
Collections were above forecast by $173 million, or 26.8%. read more >
State Tax Revenue Dips 2.6% in December
For sales tax collections, major reporting sectors showed mostly higher growth over the previous year. read more >
State Tax Revenue Flat in November
Net available general revenue was $473.4 million, up $1.3 million, or 0.3%, from a year ago. read more >
Christy Bjornson Named Director of Alcoholic Beverage Control Division
She follows Doralee Chandler, who stepped down in January to join Attorney General Tim Griffin’s legal staff. read more >
State Tax Revenue Falls 7.9% in September, but Still Above Forecast
The state had a surplus of $108 million through the first quarter of fiscal 2024. read more >
Unprecedented Growth: Arkansas Property Values Skyrocket in 2023 Reappraisal
Montgomery, Crawford and Washington counties led the way with annualized increases averaging more than 12.8%. read more >
by George Waldon -
State Tax Revenue Falls 4.5% in August
Collections came in above forecast by $17.3 million, or 3.5% higher than projected. read more >
Medical Marijuana Prices Decline in Arkansas
As the medical cannabis industry matures in Arkansas, the price of medical marijuana has been coming down. read more >
Plaintiffs in Medical Marijuana Lawsuit Include Big Names in Business
The lawsuit that led Pulaski County Circuit Judge Morgan “Chip” Welch to strike down 27 state laws on medical marijuana was filed by Good Day Farm Arkansas LLC. read more >
FNBC Hires Cathryn Hays as Internal Auditor (Movers & Shakers)
Hays will work with department leaders to manage the bank’s risk profiles. read more >
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