(AP) – Arkansas Gov. Asa Hutchinson says he’s asking several
agencies to make contingency plans for potential budget cuts after finance
officials announced the state’s net revenue had fallen $57 million below
forecast.
The Republican governor told reporters Thursday he’s asking for the plans as
he watches the state’s revenue over the next couple months and will decide by
March whether to make any adjustments. Hutchinson said the agencies he’s asking
for plans from include the departments of Human Services, Education and
Correction.
The revenue figures were released the day after Hutchinson signed into law his
$50 million plan to cut taxes for thousands of low-income residents. That tax
cut is set to take effect in 2019 under the law.
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