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On Thursday, the House passed SB80. This bill amends the Revenue Stabilization Act (RSA) by outlining state spending for the 2024-2025 Fiscal Year. It is identical to HB1097 which the House passed on Wednesday. The RSA increases funding for the Education Freedom Accounts by $65.7 million. The public school fund will increase by $38.2 million […]

On Wednesday, the House passed HB1097. This bill amends the Revenue Stabilization Act (RSA) by outlining state spending for the 2024-2025 Fiscal Year. The RSA includes a 1.76% increase in state spending. The largest increases can be found in Educational Freedom Accounts, the Public School Fund, and Arkansas State Police.  The House also passed SB77 […]

On Tuesday, the House City, County, and Local Affairs Committee advanced two bills addressing regulations for digital asset mining. SB78 requires that digital asset mining businesses apply specified noise-reduction techniques. It states that a prohibited foreign party shall not purchase or acquire any interest in a digital mining business in the state. SB79 states that […]

During the third week of the 2024 Fiscal Session, members received the proposed Revenue Stabilization Act (RSA) for the 2025 Fiscal Year. The RSA, which categorizes and prioritizes state spending, includes a 1.76% increase in spending, with the largest increases allocated to Educational Freedom Accounts, the Public School Fund, and Arkansas State Police. Specifically, the […]

Members are now reviewing the proposed Revenue Stabilization Act for the 2025 Fiscal Year. The Revenue Stabilization Act (RSA) categorizes and prioritizes state spending. It is typically one of the last items passed every session. The proposed RSA outlines a 1.76% increase in state spending. The largest increases can be found in Educational Freedom Accounts, […]

FY2025 RSA Schedule.pdf

The Joint Budget Committee advanced SB77 on Wednesday. This bill outlines a temporary pay plan for state employees. Members were informed on Wednesday that the proposed Revenue Stabilization Act for the next fiscal year will be made available in the coming days. The Revenue Stabilization Act (RSA) categorizes and prioritizes state spending. It is typically […]

On Tuesday, the Joint Budget Personnel Subcommittee adopted an amendment for SB77 and advanced the amended version of the bill. SB77 outlines the temporary pay plan for state employees. The amendment adopted today adds specific requirements for special compensation. This bill now heads to the Joint Budget Committee. The full House adopted an amendment to […]

The General Assembly is now entering the third week of the 2024 Fiscal Session. This week, the House passed three resolutions to allow the introduction of non-appropriation bills during this session. HR1013 will allow for the introduction of legislation outlining a temporary pay plan for state employees. The plan would increase pay for all state […]

The House passed more than 80 appropriation bills on Thursday. The bills included appropriations for the Department of Corrections for overtime of correctional officers and transitional housing for inmates. Appropriations for several two year colleges and various state commissions also passed the House. In addition, the House passed a supplemental appropriation for $29 million for […]

On Wednesday, the House passed HR1013. This resolution will allow for the introduction of legislation outlining a temporary pay plan for state employees. The House also passed HR1009 and HR1020. These resolutions will allow for the introduction of legislation regarding digital asset mining businesses. The House also passed several appropriations for various commissions and agencies. […]

On Tuesday, the House Rules Committee advanced nine resolutions to introduce non-appropriation bills during this Fiscal Session. Eight of those resolutions address the operations of digital asset mining. HR1013 would authorize the introduction of legislation outlining a temporary pay plan for state employees. Resolutions to introduce non-appropriation legislation must pass with a 2/3 majority in […]