Arkansas Fiscal Years run from July 1 to July 1. While the Department of Finance and Administration (DFA) issues monthly revenue reports for the state, the final year-end report at the beginning of July each year gives the full picture of how much tax revenue the state took from the people.
Recently, DFA released their year-end report for Fiscal Year 2018. You can view that report in it’s entirety here: https://www.dfa.arkansas.gov/images/uploads/directorsOffice/generalRevenue201806.pdf
This report shows that Arkansas brought in a record amount of revenue. This means the state brought in more money out of the pocketbooks of Arkansans than ever before because of the high tax rates in this state.
This quiz highlights the FY2018 report and dives into how much the state took in and from what types of taxes the state brought in record revenue.