Arkansas panel endorses legislation detailing $5.7B budget
LITTLE ROCK, Ark. (AP) — Bills outlining Arkansas’ proposed $5.7 billion budget for the coming year are heading toward their first votes in the state Legislature.
The Joint Budget Committee on Monday approved the proposed Revenue Stabilization Act, which calls for increasing state spending by $124 million in the fiscal year that begins July 1. The House and Senate are expected to vote on identical versions of the legislation on Tuesday. Lawmakers hope to wrap up this year’s legislative session by Wednesday.
The bulk of the spending increases in the legislation go toward Medicaid and public schools. The bills closely mirror the budget proposal Gov. Asa Hutchinson detailed in November.