Template:Arkansas budget process

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The state operates on a biennial budget cycle. The sequence of key events in the budget process is as follows:[1][2]

  1. Budget instructions are sent to state agencies in May of the year preceding the start of the new biennium.
  2. State agencies submit their budget requests to the governor in July.
  3. Agency hearings are held from August through October.
  4. Public hearings are held from October through December.
  5. The governor submits his or her proposed budget to the state legislature in November.
  6. The state legislature debates the budget from January through April. The budget must be passed by a three-fourths majority.
  7. The fiscal year begins July 1.

The governor may exercise line item veto, item veto of appropriations, and item veto of selected words.[2]

The Governor is required by statute to submit a balanced budget. The legislature is not legally required to pass a balanced budget, but the Governor is required by statute to sign a balanced budget.[2]