Arkansas ends budget year with larger surplus than expected after 3 months of good tax returns

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LITTLE ROCK, Arkansas — Arkansas finance officials say three months of good tax returns and several pots of one-time money have left the state with a larger surplus than expected.

The Arkansas Department of Finance and Administration on Thursday said the end of the fiscal year surplus has reached about $191.6 million, about $100 million more than projected and about $113 million more than fiscal year 2014.

Department Director Larry Walther said about $65 million of that additional surplus came from one-time money that passed through the state's general revenue fund but was already obligated for other expenditures.

After general improvement obligations and executive branch priorities, DFA officials said there will be about $38 million in unobligated surplus.

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