Arkansas recorded impressive revenue growth in November 2025, with net available general revenue reaching $552.4 million—a 7.8% increase over November 2024 and 3.4% above the state’s monthly forecast. The strong performance was led by a sharp rise in individual income tax collections, signaling continued economic stability as the state nears the midpoint of fiscal year 2026.
Individual income tax revenue climbed to $285 million, up 16.3% year-over-year and $22.3 million above forecast. State officials attributed the exceptional growth to an extra payroll cycle in November and higher-than-expected tax return payments tied to the federal filing deadline extension through December 3.
For the first five months of fiscal year 2026, Arkansas has generated $2.82 billion in net available revenue, exceeding last year by $81.2 million and surpassing forecast by $108.7 million.
Sales and use tax revenue totaled $303.4 million, rising 2.9% from last year but landing slightly below forecast due to a Thanksgiving-week timing shift. Adjusted for this anomaly, underlying growth is estimated at 3.3%. Corporate income tax collections dipped to $11.4 million, down $5.8 million from 2024 but still performing above expectations.
Gross general revenue reached $662.8 million, up 7.3% from a year ago and once again outperforming state projections. Additional growth came from insurance premium taxes, which climbed 11.5%, while tobacco tax collections remained stable.
State leaders say the strong November performance underscores Arkansas’s solid financial footing. Arkansas Department of Finance and Administration Secretary Jim Hudson noted that revenues remain well above budget expectations, with the state now $108 million ahead of forecast heading into the second half of fiscal year 2026.
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