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Strong sales tax collections in September boost Arkansas revenue above forecast


LITTLE ROCK, Arkansas — Arkansas finance officials say the state's sales tax collections beat expectations for the sixth month in a row, boosting the state's revenue nearly $50 million above forecast so far this fiscal year.

The Arkansas Department of Finance and Administration said Friday that net available revenue in September totaled $516 million. That's $4.7 million below September 2014 but $15.1 million above forecast.

The state's revenue is $49.9 million above forecast for the fiscal year that began July 1.

The state's sales tax collections in September totaled $198.4 million, which was $14.7 million above the same month last year and $11.1 million above forecast.

Individual income tax collections totaled $265.3 million, which was $26 million below the same month last year and $4.2 million below forecast.

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