Arkansas Fiscal Statistics

StatisNostics/State Financials/Arkansas

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20122022

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State Revenue Analysis (Arkansas: 2012–2022)

Population: 2,949,300 → 3,030,522 (2.8% change)

Overall Revenue Trends

Total Revenue▲ 69.8%

$17,562,204,000 (2012)→$29,825,256,000 (2022)

Per Capita Revenue▲ 65.3%

$5,955 (2012)→$9,842 (2022)

Fund Balances▼ 100%

$6,331,848,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 5.5%

Major Tax Revenue

Property Tax▲ 30.7%

$1,008,707,000 (2012)→$1,318,147,000 (2022)

Sales Tax▲ 63.3%

$2,809,416,000 (2012)→$4,587,956,000 (2022)

Utility Revenue

Solid Waste Charges▲ 29%

$62,000 (2012)→$80,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1370.2%

$136,595,000→$2,008,192,000

Documentary & Stock Transfer Tax▲ 240.8%

$25,750,000→$87,752,000

Taxes Not Elsewhere Classified▲ 209.3%

$22,688,000→$70,174,000

Declining/Slowest Growing Sources

Unemployment - Contribution▼ 74.9%

$438,132,000→$110,020,000

Workers Compensation - Interest Earnings▼ 72.4%

$1,123,000→$310,000

Parimutuels Tax▼ 47.3%

$3,526,000→$1,858,000

Revenue Forecast

Projected Revenue (Next Year)▲ 12.1%

Estimated: $33,420,500,867

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%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare26.2%

Total General Sales Taxes15.4%

Individual Income Tax12.5%

Federal Intergovernmental Health & Hospitals6.7%

Hospital Charges4.5%

Property Tax4.4%

Federal Intergovernmental Education4.2%

Higher Education Tuition Charges3.4%

Corporation Net Income Tax2.8%

Federal Intergovernmental Highways2.5%

Miscellaneous General Revenue Not Elsewhere Classified2.5%

Motor Fuels Sales Tax2.0%

Federal Intergovernmental Other1.4%

Insurance Premium Tax1.2%

Higher Education Auxiliary Charges1.2%

All Other Not Elsewhere Classified Charges1.0%

Other Selective Sales Taxes1.0%

Donations From Private Sources0.8%

Tobacco Sales Tax0.8%

Interest Earnings0.7%

Motor Vehicle License0.6%

Occupation & Business License Not Elsewhere Classified0.5%

Net Lottery Revenue0.5%

Unemployment - Contribution0.4%

Federal Intergovernmental Employment Security Administration0.3%

Documentary & Stock Transfer Tax0.3%

Amusement Tax0.3%

Severance Tax0.3%

Federal Intergovernmental Housing & Community Development0.3%

Alcoholic Beverage Sales Tax0.3%

Federal Intergovernmental Other Natural Resources0.2%

Taxes Not Elsewhere Classified0.2%

Parks & Recreation Charges0.2%

Corporation License Tax0.1%

Hunting & Fishing License0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Motor Vehicle Operators License0.1%

Fines & Forfeits0.1%

Workers Compensation - Other Contributions0.1%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Sewerage0.0%

Local Intergovernmental Education0.0%

Public Utility License Tax0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Parimutuels Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Royalties0.0%

Other License Tax0.0%

Amusement License Tax0.0%

Housing & Community Development Charges0.0%

Workers Compensation - Interest Earnings0.0%

Local Intergovernmental Other0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Solid Waste Charges0.0%

Air Transportation Charges0.0%

Key Insights

1Total revenue increased by 69.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 2.8%, while per-capita revenue changed by 65.3%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Arkansas: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 173%

$6,129,035,000→$16,743,897,000

Per Capita Spending▲ 166%

$2,078→$5,525

Population Trends

Population Change▲ 2.8%

2,949,300 (2012)→3,030,522 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 7%

$111,890,000 (2012)→$119,660,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 14%

$357,883,000 (2012)→$408,858,000 (2022)

Sewerage Operations▲ 66%

$252,000 (2012)→$419,000 (2022)

Administrative Expenses

Financial Administration▲ 39%

$469,109,000 (2012)→$651,168,000 (2022)

General Expenses▲ 78%

$173,811,000 (2012)→$309,185,000 (2022)

Arkansas Key Insights

1Per capita expenditures grew by 166%, indicating substantial service expansion or cost increases not explained by population growth alone

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 166%

$2,843,740,000 (2012)→$7,564,836,000 (2022)

Industrial Revenue Debt▼ 100%

$811,987,000 (2012)→$0 (2022)

Per Capita Debt▲ 159%

$964 (2012)→$2,496 (2022)

Population Trends

Population Change▲ 2.8%

2,949,300 (2012)→3,030,522 (2022)

Debt Management

Most Recent Year (2022)

Issued:$949,599,000

Retired:$892,210,000

Net Change:+$57,389,000

Debt Retirement Trend

$347,495,000 → $892,210,000▲ 157%

🔄 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 2012-2022, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 159%).