Charted: May revenue
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Arkansas' gross general revenue collections were $624.6 million in May, down from April's tax-season spike of $1.08 billion.
Why it matters: Gross general revenue, collected largely through personal and corporate income taxes and sales taxes, helps fund state government.
The big picture: April is historically the biggest month for state revenue because income tax filings are due April 15. May's collections returned closer to the range Arkansas has seen for most of fiscal 2026.
By the numbers: Through the first 11 months of fiscal 2026, Arkansas has collected about $7.76 billion in gross general revenue.
The bottom line: The Arkansas Department of Finance and Administration revised the state's official forecast in late May, projecting a year-end surplus of $585.8 million.