Wednesday, November 03, 2010

Two More States (AR and OK) Are Reporting Double-Digit Tax Revenue Gains for October

1. "October's sales tax report for Oklahoma continued an encouraging trend, prompting some cautious optimism Tuesday from Oklahoma City officials. Sales tax revenue was up 16.7 percent over expectations and 19.2 percent over last year's collections for the same period. It is the sixth straight month of sales tax growth over the previous year."

2.  "Arkansas tax collections for October were above the monthly forecast and above collections from a year ago, the state‚Äôs top fiscal officer said today.October marked the sixth consecutive month that gross receipts, mostly from sales tax revenue, topped collections from a year ago.Net available general revenues in October were $354.5 million, up 41 million, or 13.1 percent, from last year and $4.2 million, or 1.2 percent, above the monthly forecast."


2 Comments:

At 11/03/2010 8:44 AM, Blogger juandos said...

There were an increase in tax rates in both Oklahoma and Arkansas...

The double digit increases in tax revenues is more than could be accounted for those increased rates, right?

 
At 11/03/2010 11:40 AM, Blogger sharonsj said...

Too many states are making up for lost revenue by raising all sorts of fees. It doesn't mean there is a recovery, because there isn't.

 

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