LITTLE ROCK – Governor Asa Hutchinson reacted Tuesday to the record state surplus and announced his intent to call an Extraordinary Session of the Arkansas General Assembly the week of August 8.
“June revenue collection was more than $150 million above forecast, leaving a net surplus for the year in excess of $1.6 billion for the fiscal year. This represents the largest surplus in Arkansas history and demonstrates the state is collecting too much in tax revenue. Our collections are above last year, despite the tax reductions enacted last year. This growth is attributable to the state’s dynamic job creation coming out of the pandemic and increased consumer buying power.”
“Today, I am announcing I will call a special session of the General Assembly to reduce the rate of our tax collection. The special session will be the week of August 8. The specific items on the call in addition to tax relief will be announced at a later time as further discussions are held with the General Assembly.”
Should help people who are on disability and social security with rental assistance. I know there are plenty of jobs but some people on disability and social security aren’t making enough to do everything they need to do. We are having to decide what medications we have to have and what we can do without and sometimes have to use credit cards just to try to make ends meet while that doesn’t help us because our credit card becomes a higher bill. I myself worked all I could until I physically tore up my body and had to have too many surgeries therefore I’m not able to work anymore. My body just can’t do what I use to do. I worked 35 years at physical labor and can no longer work. I don’t make enough any more with all the high prices of everything and it’s getting worse.