News & Media
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:
You can view slides from the Governor's presentation HERE.
You can watch the Governor's presentation HERE.
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