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ALC hears July revenue report showing year-to-date growth and projected surplus
Summary
The Arkansas Legislative Council heard a July 2025 revenue briefing from the Bureau of Legislative Research showing year-to-date gross collections of about $636.82 million and a projected surplus of roughly $214.3 million under current forecasts.
The Arkansas Legislative Council on Aug. 15 received a July 2025 revenue briefing from Dr. Carlos Silva, legislative economist for the Bureau of Legislative Research, who reported year-to-date gross general revenues of approximately $636.82 million, an increase of $21.0 million (3.4%) compared with the prior fiscal year-to-date.
Dr. Silva told members that net general revenue available for distribution was $557.5 million, up $29.8 million (5.6%) from July 2024. He said the cumulative deviation for July was $29.2 million above forecast and, assuming the forecast holds, the state could expect a surplus of about $185 million, yielding a total projected surplus of roughly $214.3 million.
Members had the opportunity to question representatives from the Department of Finance & Administration; Mr. Jim Hudson, secretary of DF&A, was recognized to comment and respond to members’ questions. The revenue report concluded and was entered for the record.
Why it matters: revenue deviations and surpluses affect budget stability and funding available for programs and appropriations the legislature oversees. The ALC is the standing body that receives revenue reports and monitors fiscal trends between sessions.
The revenue briefing was received as a presentation; the council took no formal vote on policy during the report. The meeting continued with standing-subcommittee reports.
