Arkansas Fiscal Statistics

StatisNostics/State Financials/Arkansas

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20122024

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State Revenue Analysis (Arkansas: 2012–2024)

Population: 2,949,300 → 3,045,637 (3.3% change)

Overall Revenue Trends

Total Revenue▲ 65.6%

$17,562,204,000 (2012)→$29,086,356,000 (2024)

Per Capita Revenue▲ 60.4%

$5,955 (2012)→$9,550 (2024)

Fund Balances▼ 100%

$6,331,848,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 4.8%

Major Tax Revenue

Property Tax▲ 50.3%

$1,008,707,000 (2012)→$1,515,978,000 (2024)

Sales Tax▲ 80.4%

$2,809,416,000 (2012)→$5,068,041,000 (2024)

Utility Revenue

Solid Waste Charges▲ 64.5%

$62,000 (2012)→$102,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Interest Earnings▲ 435.6%

$123,248,000→$660,056,000

Federal Intergovernmental Health & Hospitals▲ 416.2%

$136,595,000→$705,109,000

Amusement Tax▲ 270.9%

$27,640,000→$102,519,000

Declining/Slowest Growing Sources

Local Intergovernmental Health & Hospitals▼ 98.8%

$751,000→$9,000

Unemployment - Contribution▼ 79.1%

$438,132,000→$91,469,000

Royalties▼ 61.5%

$1,574,000→$606,000

Revenue Forecast

Projected Revenue (Next Year)▼ 1.2%

Estimated: $28,726,056,210

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare20.3%

Total General Sales Taxes16.0%

Individual Income Tax13.7%

Property Tax5.7%

Federal Intergovernmental Education5.3%

Hospital Charges5.1%

Higher Education Tuition Charges3.5%

Federal Intergovernmental Highways3.3%

Federal Intergovernmental Other2.8%

Motor Fuels Sales Tax2.7%

Unemployment - Contribution2.5%

Corporation Net Income Tax2.3%

Miscellaneous General Revenue Not Elsewhere Classified1.9%

Tobacco Sales Tax1.4%

Higher Education Auxiliary Charges1.4%

Donations From Private Sources1.3%

Other Selective Sales Taxes1.3%

All Other Not Elsewhere Classified Charges1.2%

Insurance Premium Tax0.9%

Motor Vehicle License0.9%

Federal Intergovernmental Health & Hospitals0.8%

Net Lottery Revenue0.7%

Occupation & Business License Not Elsewhere Classified0.7%

Interest Earnings0.7%

Federal Intergovernmental Employment Security Administration0.6%

Severance Tax0.5%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Housing & Community Development0.3%

Alcoholic Beverage Sales Tax0.3%

Amusement Tax0.2%

Documentary & Stock Transfer Tax0.1%

Corporation License Tax0.1%

Parks & Recreation Charges0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Taxes Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Fines & Forfeits0.1%

Federal Intergovernmental Sewerage0.1%

Federal Intergovernmental Water Utilities0.1%

Public Utility License Tax0.1%

Local Intergovernmental Education0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Parimutuels Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Royalties0.0%

Workers Compensation - Interest Earnings0.0%

Other License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Amusement License Tax0.0%

Local Intergovernmental Other0.0%

Housing & Community Development Charges0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Solid Waste Charges0.0%

Air Transportation Charges0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare24.6%

Total General Sales Taxes17.4%

Individual Income Tax9.5%

Property Tax5.2%

Hospital Charges5.0%

Federal Intergovernmental Education4.7%

Higher Education Tuition Charges3.9%

Federal Intergovernmental Highways3.4%

Corporation Net Income Tax3.3%

Miscellaneous General Revenue Not Elsewhere Classified2.5%

Federal Intergovernmental Health & Hospitals2.4%

Interest Earnings2.3%

Motor Fuels Sales Tax2.1%

Federal Intergovernmental Other1.5%

Insurance Premium Tax1.4%

Higher Education Auxiliary Charges1.3%

Donations From Private Sources1.2%

Other Selective Sales Taxes1.1%

All Other Not Elsewhere Classified Charges1.0%

Tobacco Sales Tax0.7%

Motor Vehicle License0.7%

Federal Intergovernmental Employment Security Administration0.6%

Net Lottery Revenue0.5%

Occupation & Business License Not Elsewhere Classified0.4%

Federal Intergovernmental Other Natural Resources0.4%

Amusement Tax0.4%

Unemployment - Contribution0.3%

Alcoholic Beverage Sales Tax0.3%

Taxes Not Elsewhere Classified0.3%

Documentary & Stock Transfer Tax0.2%

Parks & Recreation Charges0.2%

Federal Intergovernmental Housing & Community Development0.1%

Corporation License Tax0.1%

Severance Tax0.1%

Hunting & Fishing License0.1%

Unemployment - Interest Revenue0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Motor Vehicle Operators License0.1%

Fines & Forfeits0.1%

Federal Intergovernmental Sewerage0.1%

Workers Compensation - Other Contributions0.1%

Local Intergovernmental Education0.0%

Public Utility License Tax0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Workers Compensation - Interest Earnings0.0%

Other License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Royalties0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Other0.0%

Solid Waste Charges0.0%

Elementary Secondary Education School Lunch Charges0.0%

Air Transportation Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 65.6% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 3.3%, while per-capita revenue changed by 60.4%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.8%).

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State Expense Analysis (Arkansas: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 166%

$6,129,035,000→$16,304,349,000

Per Capita Spending▲ 158%

$2,078→$5,353

Population Trends

Population Change▲ 3.3%

2,949,300 (2012)→3,045,637 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 29%

$111,890,000 (2012)→$144,031,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 27%

$357,883,000 (2012)→$453,180,000 (2024)

Sewerage Operations▲ 171%

$252,000 (2012)→$684,000 (2024)

Administrative Expenses

Financial Administration▲ 13%

$469,109,000 (2012)→$530,604,000 (2024)

General Expenses▲ 3%

$173,811,000 (2012)→$179,482,000 (2024)

Arkansas Key Insights

1Per capita expenditures grew by 158%, indicating substantial service expansion or cost increases not explained by population growth alone
2Sewerage was the fastest growing major expense category at 171% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 182%

$2,843,740,000 (2012)→$8,019,957,000 (2024)

Industrial Revenue Debt▼ 100%

$811,987,000 (2012)→$0 (2024)

Per Capita Debt▲ 173%

$964 (2012)→$2,633 (2024)

Population Trends

Population Change▲ 3.3%

2,949,300 (2012)→3,045,637 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,008,041,000

Retired:$803,502,000

Net Change:+$204,539,000

Debt Retirement Trend

$347,495,000 → $803,502,000▲ 131%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 173%).