Arkansas
Arkansas finance officials forecast budget surplus to near $1.5 billion
ith all key tax classes displaying year-over-year positive aspects by means of 11 months of Arkansas’ fiscal 12 months, state officers challenge a fiscal-year finish finances surplus of $1.473 billion, in line with Thursday’s (June 2) income report from the Arkansas Division of Finance and Administration (DFA).
The fiscal year-to-date income is $7.876 billion, up 8.5% in contrast with the identical interval in 2021 and up 0.1% above a forecast that was revised Could 18.
Particular person earnings tax income within the first 11 fiscal months was $3.832 billion, up 5.3% from the identical interval within the earlier fiscal 12 months, and 0.1% above the revised finances estimate. Gross sales and use tax income, an indicator of shopper spending, was $2.868 billion within the first 11 months, up 9.2% in contrast with the earlier fiscal 12 months and $1.3 million above the revised finances forecast.
Fiscal year-to-date company earnings tax income totaled $703.7 million, up $166.8 million in contrast with the earlier fiscal 12 months and $1.2 million above the revised finances forecast.
“Company Revenue Tax collections have been above forecast, largely from Extension Funds for prior tax 12 months legal responsibility. Gross sales Tax collections have been under 12 months in the past and barely under forecast, reflecting adversarial comparability with the surge in consumption final Could,” John Shelnutt, DFA administrator of financial and tax analysis, famous within the report.
For instance, motorcar gross sales tax was down 10.8% from a “spike in automobile gross sales and collections final Could,” he mentioned.
Arkansas ended fiscal 12 months 2021 (July 2020 – June 2021) with a income surplus of $945.7 million thanks partially to the COVID-19 induced shift in a tax submitting deadline from June to Could that pushed a few of fiscal 2020 earnings tax funds into 2021.
MAY REVENUE
Gross income in Could was $645.4 million, down 21.6% in contrast with Could 2021 and 1.8% above the revised forecast. Particular person earnings tax income was $303.6 million, down 35.6% over Could 2021 and 1.9% above the revised forecast. Could earnings tax decline associated to the earnings tax being due in April this 12 months however in Could of final 12 months, Shelnutt mentioned.
Gross sales and use tax income in Could was $261.9 million, down 4.5% in contrast with Could 2021 and $1.2 million above the revised forecast. Company earnings tax income was $45 million, up $4.3 million in contrast with Could 2021 and $1.2 million above the revised forecast.
Arkansas
Former El Dorado mayor arrested on theft charge | Northwest Arkansas Democrat-Gazette
Agents with Arkansas Attorney General Tim Griffin’s office on Tuesday arrested a former El Dorado mayor after authorities say she stole money from a nonprofit she used to work with, a news release states.
Veronica Creer, who was elected in 2018 and left office at the end of 2022, faces a felony theft of property charge after authorities say she pulled $23,544 from the account of El Dorado Crime Stoppers in October 2023, the release states.
Creer took the money, which was the entire balance of the nonprofit’s account, and put it in an account for another nonprofit, Parents United Against Youth Violence, a few months later, authorities say.
The former mayor previously served on the board for the crime stoppers nonprofit, but had not been active on the board since 2016, the release states. Creer was still listed as a signatory on the nonprofit’s bank account, however.
“Her decision to withdraw the money and direct it to a different organization was not approved by anyone but her,” Griffin said in the release.
El Dorado police learned of Creer’s actions and notified 13th Judicial District Prosecutor Jeff Rogers, who asked Griffin’s agents to investigate, the release states.
“I appreciate the work done on this case by my office and the El Dorado Police Department, and the cooperation of Prosecuting Attorney Rogers,” Griffin said in the statement. “We are all equal under the law, and I will continue to enforce the law.”
Arkansas
Arkansas Reaches No.1 for First Time in Program History
FAYETTEVILLE, Ark. — While fans are down that Arkansas football is 3-2 with a matchup looming against No. 4 Tennessee, Arkansas soccer continues to win in dominating fashion and took over the top spot of the United Soccer Coaches poll for the first time in school history.
The Razorbacks’ remain undefeated at 9-0-1, with the only blemish being a 2-2 draw against former No. 1 Michigan State. Duke, North Carolina, Wake Forest and the Spartans rounding out the top 5.
With Michigan State being held to back-to-back draws against Ohio State and Rutgers this past week, Arkansas jumped the Spartans with all eight first place votes. There are only three other teams ranked in the top 25, No. 7 Mississippi State, No.16 Auburn and No.24 South Carolina.
The Razorbacks are at the top of most statistical categories. The lead the country in both goals per game (4.80) and goal differential (+41). They also generate the second most corner kicks (9.40).
Opponents have not scored against the Razorbacks for nearly 200 minutes of game time. The Hogs are coming off back-to-back 2-0 shutouts of Vanderbilt and South Carolina. The Hogs are the last team to remain perfect in SEC play with a 4-0-0 record.
View the full list of ranked teams here.
The Hogs will look to keep its perfection intact on the road in a Top 10 matchup against Mississippi State. Kickoff is scheduled for 6 p.m. Friday and will be broadcast on SEC Network.
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Arkansas
Hogs’ in Trouble Saturday if Quarterback Lacks Confidence
FAYETTEVILLE, Ark. — Two quarterbacks currently on the opposite ends of the spectrum will face off at Razorback Stadium Saturday night with Tennessee’s undefeated season on the line.
Volunteers’ star quarterback Nico Iamaleava has been on a tear for much of the season as a redshirt freshman completing 61-of-88 passes for 892 yards, seven touchdowns and two interceptions. The 6-foot-6, 215 pound passer has benefited from a dominant run game that averages 290 yards per game which leads the SEC and is No. 4 nationally.
Since starting off white hot against FCS Chattanooga when he passed for 314 yards in the first half, Iamaleava hasn’t been nearly as efficient. He hasn’t passed for more than 211 yards in a game while facing a Razorbacks pass defense ranks No. 9 in league play giving up 224 yards per game.
“[Nico Iamaleava] is really good, mature,” Arkansas coach Sam Pittman said Monday. “It’s just like Marcel Reed. Reed did what he needed to do. He didn’t turn the football over. I’m not comparing them, I’m saying Nico is that — he does what he needs to do. He’s got a lot of opportunity to shine in his offense, he doesn’t make mistakes and then he does it at a high, high, high level. He’s scary because he’s not going to make mistakes and he’s going to run the offense to a perfection. For a young guy like that, he’s just really impressive.”
Pittman mentioned that Oklahoma coach Brent Venables implemented an impressive game plan that slowed down the Volunteers humming offensive attack. The Sooners’ defense limited Tennessee to 25 points and two touchdowns in Norman two weeks ago after averaging nearly 64 points per game prior.
“I thought it was a great game plan, but as I say, once Tennessee got ahead there, they went primarily to running the football,” Pittman said. “They were ahead. They thought their defense was playing well. I think Oklahoma was struggling a little bit offensively and a lot of that was because Tennessee is really good on defense. Yes, there’s certainly things that we looked at that Coach Venables and his staff that he did there that are intriguing.”
Much of Oklahoma’s game plan was to keep Iamaleava uncomfortable and out of rhythm in the passing game. In 25 pressured dropbacks this season, he has completed only 4-of-11 passes for 37 yards and interception along with five sacks.
The Razorbacks are a disruptive bunch when able to get into the backfield with 10 sacks and 26 tackles for loss. The plan against the Aggies’ Marcel Reed was to keep pressure on him to moderate success finishing with three sacks, but only one hurry.
Arkansas’ quarterback situation isn’t in too good of a spot with Taylen Green’s lack of confidence. Pittman and offensive coordinator Bobby Petrino need to figure out exactly what Green needs or it could be another long night at home.
“I think we’ve had so many pressures that we’ve got a lot of problems, we’ve got a confidence problem,” Pittman said. “We have a quarterback that’s not confident. There’s times when he can stand in the pocket that there is one there. There’s times when he stays in the pocket and he gets hit. So probably in between. And we tried a lot of quick passing game as well.”
There may be an opportunity for Green to have a little more time in the pocket compared to recent weeks as Tennessee doesn’t get to the quarterback as often. The Volunteers front has only recorded seven sacks on the season (No. 15 SEC), but have been active in tackles for loss with 31 (No. 7 SEC).
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