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Finance office: Arkansas budget surplus nearing $1 billion

The Department of Finance and Administration said the state’s net available revenue for the fiscal year, which began July 1, totals $6.1 billion.

LITTLE ROCK, Ark. — Arkansas has built up a surplus of nearly $1 billion for the fiscal year more quickly than expected. 

The Department of Finance and Administration on Tuesday said the state’s net available revenue for the fiscal year, which began July 1 totals $6.1 billion. 

That’s $987.9 million more than forecast and $736 million higher than at the same point last year. 

Gov. Asa Hutchinson last month said he was considering calling a special session to look at uses for the surplus after finance officials said they expected it to hit $1 billion by the end of the fiscal year.

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