Arkansas Fiscal Statistics

StatisNostics/State Financials/Arkansas

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20122021

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State Revenue Analysis (Arkansas: 2012–2021)

Population: 2,949,300 → 3,017,804 (2.3% change)

Overall Revenue Trends

Total Revenue▲ 52.3%

$17,562,204,000 (2012)→$26,740,623,000 (2021)

Per Capita Revenue▲ 48.8%

$5,955 (2012)→$8,861 (2021)

Fund Balances▲ 115.7%

$6,331,848,000 (2012)→$13,657,432,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 4.8%

Major Tax Revenue

Property Tax▲ 29.7%

$1,008,707,000 (2012)→$1,308,040,000 (2021)

Sales Tax▲ 49.1%

$2,809,416,000 (2012)→$4,187,473,000 (2021)

Utility Revenue

Solid Waste Charges▲ 24.2%

$62,000 (2012)→$77,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1129.8%

$136,595,000→$1,679,861,000

Documentary & Stock Transfer Tax▲ 164.0%

$25,750,000→$67,983,000

Amusement Tax▲ 156.8%

$27,640,000→$70,993,000

Declining/Slowest Growing Sources

Unemployment - Contribution▼ 85.7%

$438,132,000→$62,518,000

Miscellaneous Commercial Activity Not Elsewhere Classified Charges▼ 73.7%

$259,000→$68,000

Workers Compensation - Interest Earnings▼ 70.1%

$1,123,000→$336,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.4%

Estimated: $29,260,451,446

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare25.0%

Total General Sales Taxes15.7%

Individual Income Tax13.0%

Federal Intergovernmental Health & Hospitals6.3%

Hospital Charges5.1%

Property Tax4.9%

Federal Intergovernmental Education3.9%

Higher Education Tuition Charges3.8%

Federal Intergovernmental Highways3.0%

Miscellaneous General Revenue Not Elsewhere Classified2.5%

Corporation Net Income Tax2.3%

Motor Fuels Sales Tax2.2%

Insurance Premium Tax1.2%

Other Selective Sales Taxes1.1%

Federal Intergovernmental Other1.1%

All Other Not Elsewhere Classified Charges1.1%

Higher Education Auxiliary Charges1.0%

Tobacco Sales Tax0.9%

Motor Vehicle License0.7%

Interest Earnings0.6%

Donations From Private Sources0.6%

Net Lottery Revenue0.6%

Occupation & Business License Not Elsewhere Classified0.5%

Federal Intergovernmental Employment Security Administration0.5%

Amusement Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Documentary & Stock Transfer Tax0.3%

Federal Intergovernmental Other Natural Resources0.2%

Unemployment - Contribution0.2%

Taxes Not Elsewhere Classified0.2%

Federal Intergovernmental Housing & Community Development0.2%

Parks & Recreation Charges0.1%

Severance Tax0.1%

Corporation License Tax0.1%

Hunting & Fishing License0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Motor Vehicle Operators License0.1%

Unemployment - Interest Revenue0.1%

Fines & Forfeits0.1%

Workers Compensation - Other Contributions0.1%

Local Intergovernmental Education0.1%

Federal Intergovernmental Water Utilities0.0%

Public Utility License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Regular Highway Charges0.0%

Sale of Property0.0%

Alcoholic Beverage License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Parimutuels Tax0.0%

Amusement License Tax0.0%

Other License Tax0.0%

Royalties0.0%

Workers Compensation - Interest Earnings0.0%

Local Intergovernmental Other0.0%

Housing & Community Development Charges0.0%

Solid Waste Charges0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Air Transportation Charges0.0%

Key Insights

1Total revenue increased by 52.3% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 2.3%, while per-capita revenue changed by 48.8%.
3The state's fund balances increased by 115.7%, suggesting improved fiscal health.
4Revenue has been relatively stable (avg. fluctuation ~4.8%).

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State Expense Analysis (Arkansas: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 23%

$6,129,035,000→$7,514,653,000

Per Capita Spending▲ 20%

$2,078→$2,490

Population Trends

Population Change▲ 2.3%

2,949,300 (2012)→3,017,804 (2021)

Public Safety Expenses

Police Protection▼ 4%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 10%

$0 (2012)→$0 (2021)

Sewerage Operations▲ 90%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 43%

$0 (2012)→$0 (2021)

General Expenses▼ 32%

$0 (2012)→$0 (2021)

Arkansas Key Insights

1Sewerage was the fastest growing major expense category at 90% increase

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 109%

$2,843,740,000 (2012)→$5,955,650,000 (2021)

Industrial Revenue Debt▲ 135%

$811,987,000 (2012)→$1,907,067,000 (2021)

Per Capita Debt▲ 105%

$964 (2012)→$1,974 (2021)

Population Trends

Population Change▲ 2.3%

2,949,300 (2012)→3,017,804 (2021)

Debt Management

Most Recent Year (2021)

Issued:$1,164,109,000

Retired:$1,163,701,000

Net Change:+$408,000

Debt Retirement Trend

$347,495,000 → $1,163,701,000▲ 235%

🔄 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 2012-2021, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 105%).