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Arkansas running $67M surplus for year so far

Arkansas finance officials say the state is on track to end the fiscal year with a surplus of at least $67 million, and the number could break $100 million.

LITTLE ROCK, Ark. (AP) — Arkansas finance officials say the state is on track to end the fiscal year with a surplus of at least $67 million, and the number could break $100 million.

The Arkansas Department of Finance and Administration said Monday that the state's revenues for the fiscal year-to-date total $4.2 billion. That's $142.9 million above last year and $13.3 million above the revised forecast the department released last month.

Arkansas' fiscal year ends June 30.

The state already has $54.2 million in surplus money that will be calculated into the surplus figure.

Department Director Richard Weiss said the surplus figure for the year could exceed $100 million. That money could go toward a number of needs facing the Legislature next year, including a looming shortfall in the state Medicaid program.

 

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