The legislature convened in special session on December 7 to consider reductions in individual and corporate income taxes.
Weekly Updates
State Agencies Raise Salaries of Entry-Level Employees
State agencies have experienced the same problems as many companies with difficulty hiring entry-level employees. Several agencies have contacted the state Office of Personnel Management (OPM) to report a difficulties attracting applicants for available positions. OPM put together a proposal that allows for higher entry-level salaries for all state agencies and presented it to legislators in June.
Legislature Continues Investment in Broadband Expansion
In the past couple of years Arkansas has made a massive financial commitment to expanding broadband access to all parts of state.
So far $275 million has been approved, and the Legislative Council is set to increase that investment to $400 million when it considers an additional $125 million in broadband proposals at its November meeting.
Solar power growing in Arkansas, thanks to Act 464 of 2019
Solar power is growing in popularity in Arkansas, in large part because of passage of Act 464 of 2019.
State, cities and counties to share settlement of opioids lawsuit
In a settlement of a major lawsuit, pharmaceutical manufacturers who make and market opioids will pay $216 million to Arkansas cities, counties and state government.
Even in Pandemic, AEDC Incentives Attract Job Creating Industries
Business activity was severely affected by the pandemic last year across most areas of the economic spectrum, from the largest corporations to small businesses and individual wage earners. In spite of the challenges created by the pandemic, the Arkansas Economic Development Commission signed incentive agreements for 48 projects that will create or preserve 2,917 jobs in the state. The average wage of those jobs is $22.10 an hour.
Revenue Forecast Revised Upward
State government will collect more in tax revenue this year than previously estimated, according to a revised forecast by the Department of Finance and Administration.
Legislative Action Holds Down Workers' Comp Rates
The market for workers’ compensation insurance remains competitive in Arkansas, thanks to efforts by the legislature to hold down rates.
Legislature Draws New Congressional District Boundaries
In an extension of this year’s regular session the legislature drew new boundaries for the four Congressional districts in Arkansas, and approved exemptions for workers at companies that require staff to be vaccinated against the Covid-19 virus.
Legislature Convenes to Draw New Boundaries For Congressional Districts
The legislature reconvened to draw new boundaries for the four Congressional districts in Arkansas, and to consider responses to federal vaccination mandates.