Arkansas’ general revenue surplus hits $1.161 billion in fiscal year 2023

Arkansas' general revenue surplus reached $1.161 billion in fiscal year 2023 that ended June 30, the state Department of Finance and Administration reported Wednesday. The fiscal year 2023 surplus is state government's second-largest general revenue surplus in any fiscal year, behind only the $1.628 billion surplus accumulated in fiscal 2022 that ended June 30, 2022. State government's third-largest general revenue surplus totaled $945.7 million in fiscal 2021 that ended June 30, 2021. Department of Finance and Administration Secretary Larry Walther said Wednesday that strong economic growth accounted for fiscal year...