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News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, July 04, 2007

Huckabee's Legacy to Arkansas: Over a $1 Billion State Surplus

Dr. Bill Smith, ARRA Editor: Six months after former Arkansas Governor Huckabee left office, the financial figure are now reported. His legacy to the state, financial Independence with a revenue surplus exceeding $1 Billion. No debt! Arkansas is no longer the "poor step child." Let's see if the current administration can avoid reversing the trend. The legislature met and planned expenditures based on a projected revenue surplus. Even with approved tax cuts and larger than normal projected expenditures from the surplus and of course barring unforeseen emergency expenditures, Arkansas begins the new two-year budget cycle $112 million in the black.

Jason Wiest of the Arkansas News Bureau reported today that Arkansas' revenue surplus swelled past $1 billion by the June 30 end of the state fiscal year, the state finance office reported Tuesday. Another month of growth in June pushed the surplus $95.9 million higher than the May 2 revised forecast of $919 million, the state Department of Finance and Administration reported. Forecasters originally projected surplus of $843 million surplus for the 2007 fiscal year that ended Saturday. . . . During this year's legislative session, lawmakers made appropriations in excess of the fore casted surplus, planning on interest earnings from treasury balances, half of which go into the General Improvement Fund, to make up the difference, DF&A Director Richard Weiss said Tuesday.But the higher-than-expected surplus will leave those interest earnings untouched, with $26.9 million in surplus money to spare, Weiss said.Barring unforeseen emergency expenditures, the state begins the new two-year budget cycle roughly $112 million in the black, counting the unallocated funds and interest earnings, the state's chief fiscal officer said. . . . [Read More]

Tags: Arkansas, GOP, Mike Huckabee, presidential candidate, surplus
Posted by Bill Smith at 11:38 PM - Post Link

1 Comments:

Anonymous Anonymous said...

Thanks Mike!

7/06/2007  

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