Thursday, November 8, 2018

Week In Review

State Capitol Week in Review
LITTLE ROCK – When the Arkansas legislature convenes in regular session in January for the state’s 92nd General Assembly, the 35-member Senate will have 26 Republicans and nine Democrats. That ratio did not change after this year’s elections.
The Senate will have seven women and three African-Americans.
Political and demographic influences shape the philosophies of individual senators, but also of importance are their personal backgrounds. As it has been since the state’s inception, the General Assembly in Arkansas is a citizen legislature.
The 2019 regular session will last about three months, then the senators will return to their hometowns, their jobs and their businesses. They are not professional politicians.
Ten senators run their own businesses and four work in economic development. Four senators are farmers, two are bankers and two have experience in the insurance industry and financial services. Three senators have worked in the medical field or long term care.
Three senators are in real estate and development. Four are retired or former teachers. One has a background in forestry, another in accounting. Two have backgrounds in electronics. One senator is in graphic arts and design, another is in the marketing field and another is a chaplain and pastor in hospice care.
The expertise the 35 senators will bring to public policy issues covers the spectrum of the social and economic levels of Arkansas.
One senator played football for the University of Arkansas Razorbacks; another played baseball for the Razorbacks. Another senator rode bulls in the rodeo for four years.
The major budget issues the legislature determines in every session include funding of public schools and institutions of higher education, highway and bridge maintenance, health services and state prisons.
According to the results of the most recent census, each member of the state Senate represents about 83,300 people.
            The 2019 regular session will convene on the second Monday of the year, January 14, and will last for at least 60 days. Under the state Constitution, the legislature may extend it, and in recent decades regular sessions usually last 80 to 90 days.
Revenue Report
            State budget officials reported that in October, revenue collections exceeded forecasts. That is an accurate gauge of the Arkansas economy, because tax rates have remained unchanged and thus any increase in tax revenue is due to an increase in economic activity.
            The state fiscal year began on July 1, and revenue has exceeded forecasts for each of the first four months of the fiscal year. Two specific categories point to economic health; sales tax collections were up, meaning that consumers were confident and purchasing more, while the growth in individual income taxes indicates more people are working.
            This year the state will collect more than $6.7 billion in state taxes that will go into its general revenue fund. The state will receive more than $7.5 billion in federal funds, and although the federal government has broad authority in how those funds are directed, state officials administer the spending of it.
            The state will spend special revenue from taxes dedicated for specific purposes, such as motor fuels taxes for highway repairs. Also, the state has revenue from cash funds, such as college tuition payments. Last fiscal year, total state expenditures were more than $25 billion.

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