Post by pavel on May 5, 2016 4:45:48 GMT -6
Bills prioritizing the distribution of $5.33 billion in general revenue in the coming fiscal year -- up from $5.19 billion in the current fiscal year -- zipped through the Arkansas Senate and House of Representatives on Wednesday after the Joint Budget Committee endorsed the measures.
The identical House Bill 1141 and Senate Bill 129 were each approved in their respective chambers and now face votes on opposite sides of the state Capitol. The bills would govern the distribution of general revenue in fiscal 2017, adding $142.7 million more than authorized in the current fiscal 2016, which ends June 30.
The Revenue Stabilization Act bills largely mirror Republican Gov. Asa Hutchinson's proposed general-revenue budget, which factors in nearly $101 million in individual income-tax cuts proposed by the governor and enacted by the 2015 Legislature.
Most of the increased general revenue would go to the state Department of Human Services.
Read more: www.arkansasonline.com/news/2016/may/05/house-senate-pass-bills-to-budget-state/
The identical House Bill 1141 and Senate Bill 129 were each approved in their respective chambers and now face votes on opposite sides of the state Capitol. The bills would govern the distribution of general revenue in fiscal 2017, adding $142.7 million more than authorized in the current fiscal 2016, which ends June 30.
The Revenue Stabilization Act bills largely mirror Republican Gov. Asa Hutchinson's proposed general-revenue budget, which factors in nearly $101 million in individual income-tax cuts proposed by the governor and enacted by the 2015 Legislature.
Most of the increased general revenue would go to the state Department of Human Services.
Read more: www.arkansasonline.com/news/2016/may/05/house-senate-pass-bills-to-budget-state/