To view this email online, paste this link into your browser:
[link removed]





FOR IMMEDIATE RELEASE:
November 10, 2020

Governor’s FY2022 Budget Increases Funding

For Education, Public Safety; Gives Tax Relief

LITTLE ROCK – Governor Asa Hutchinson has notified members of the General Assembly that his budget for FY2022 “will fully fund state operations and will continue the priorities and momentum” of his administration.

“While we continue to fight the pandemic, today’s budget will fully fund state operations and will continue the priorities and momentum of my administration,” Governor Hutchinson said in a letter he released on Tuesday to the Arkansas Legislative Council. “It will fund productivity within our institutions of higher education, meet the recommendations of the legislative educational adequacy committee, and see the largest increase in public school funding in more than a decade.”

The budget continues his administration’s commitment to lower taxes for working Arkansans that not only absorbs cuts from previous years and but also sets aside $50 million in tax relief for Arkansans in low- and middle-income brackets.

The proposed budget will increase the balance in the Long-Term Reserve from $185 million to $285 million by the end of the biennium. When Governor Hutchinson took office, the reserve fund’s balance was zero.

The proposed budget also:

Reduces the sales tax on vehicles that sell for less than $10,000.

Offers a lower income-tax rate to new Arkansans.

Continues funding for crisis stabilization units (CSU).

Continues funding for public safety needs, including the state crime lab and police vehicles.

Allocates $30 million in surplus funding to continue expansion of broadband.

Reduces spending by $26.5 million through the Governor’s initiative to transform and reorganize state government.

You can view slides from the Governor's presentation HERE ([link removed]).

You can watch the Governor's presentation HERE ([link removed])

CONTACT: Press Shop ([email protected] (mailto:[email protected]?subject=)v)

###

([link removed])

([link removed])

([link removed])

([link removed])

([link removed])





Governor's Office State Capitol | 500 Woodlane Street, Suite 250 | Little Rock, AR 72201 US

This email was sent to [email protected].
To ensure that you continue receiving our emails,
please add us to your address book or safe list.

manage your preferences ([link removed])
opt out ([link removed]) using TrueRemove(r).

Got this as a forward? Sign up ([link removed]) to receive our future emails.