Governor Asa Hutchinson said  net available revenue collections in September exceeded the amount that was forecast, according to a press release Tuesday.

Revenue collections totaled $690.2 million, an increase of $98.5 million compared to September 2020. The press release attributed the increase to better than expected growth in the labor market and an increase is sales tax collections from “robust consumer activity.”

The Governor was quoted as saying the state has exceeded revenue forecasts for 31 consecutive months. “This affirms that our economy continues to improve as we emerge from the COVID-19 pandemic and that our decision to keep the economy open for business was important for our families and protected worker income. The surplus trend line puts Arkansas in good position to have another gradual reduction in the income tax rates.”