On Thursday, the Joint Budget Committee adopted an amendment to the Revenue Stabilization Act (RSA), the framework that outlines and prioritizes state spending for the upcoming fiscal year.

The proposal includes an overall increase of $211 million compared to the current fiscal year, with targeted investments in Educational Freedom Accounts, the Arkansas State Police, the Department of Correction, and institutions of higher education.

The House Revenue and Tax Committee also advanced HB1103, legislation that would increase the Homestead Property Tax Credit from $600 to $675.

The House will reconvene Monday at 3 p.m.