· The 2020 Fiscal Session began at noon today.
· As we did in the recent special session, the House met at the Jack Stephens Arena at UALR to provide enough space for social distancing.
· The House passed two resolutions allowing the introduction of the Revenue Stabilization Act.
· The Governor told the General Assembly our state’s economy is not slowing down, but rather on pause out of necessity.
· Governor is asking to cut $205 million from the balanced budget proposal presented before the pandemic.
· More than 110,000 unemployment applications in Arkansas have been processed.
· Economic Development Commission has distributed $3M for short term bridge loans for small businesses. Governor is allocating another $1M for the program from Quick Action Closing Fund.
2020 Covid-19_infographic_2020-04-08.pdf
· Joint Budget Committee meets tomorrow at 9:30. The House convenes again on April 15.
