Arkansas state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Arkansas was not expected to have a budget gap for fiscal year 2009. However, reports predicted a $146 million deficit for fiscal year 2010.[1]
Budget background
The Arkansas fiscal year begins July 1 and ends June 30; however, the biennial period is a two year period that usually begins July 1 of the odd-numbered year and ends June 30 of the next odd-numbered year. Effective January 1, 2009 the state legislature was required to meet every year on the second Monday in January. Additionally, a bill other than an appropriation bill may be considered in a fiscal session if two-thirds of the members of both the House and the Senate approve consideration of the bill. However, before the budget is considered by both houses, first the state's agencies must make individual recommendations to the governor, who proceeds to review the requests along with estimated revenue data for the upcoming biennium or fiscal year.[2][3]
Budget figures
The following table provides a history of the state's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $15.4[4] | $64.3[4] |
| 2001 | $16.3[4] | $66.0[4] |
| 2002 | $12.2[4] | $66.8[4] |
| 2003 | $15.5[4] | $75.7[4] |
| 2004 | $16.3[4] | $82.1[4] |
| 2005 | $17.2[4] | $86.1[4] |
| 2006 | $18.5[4] | $90.9[4] |
| 2007 | $19.8[4] | $95.4[4] |
| 2008 | $21.3[4] | $100.1[4] |
| 2009 | $22.9*[4] | $105.1*[4] |
- NOTE: The figures for FY 2009 had not yet been finalized at the time this data was compiled.
See also
- Arkansas government sector lobbying
- Arkansas state budget and finances
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," February 10,2009
- ↑ State of Arkansas, "Budget Process," accessed March 3,2009
- ↑ State of Arkansas, "Office of Budget," accessed March 3,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "Arkansas State and Local spending," accessed March 3,2009
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