LITTLE ROCK — Arkansas revenues for February were up nearly 3 percent from last year and 7 percent above forecast, the state’s fiscal office said Tuesday.

LITTLE ROCK — Arkansas revenues for February were up nearly 3 percent from last year and 7 percent above forecast, the state’s fiscal office said Tuesday.


Net available general revenues last month totaled $218.3 million, which was up $6.2 million, or 2.9 percent, from February 2014 and $14.3 million above forecast, according to the state Department of Finance and Administration.


The agency said sales tax collections were higher than expected and individual income tax returns were lower than expected in February.


Sales tax collections last month totaled $176.5 million, which was up $9.5 million, or 5.7 percent,from a year ago and $8.4 million, or 5 percent, above forecast.


Individual income tax refunds paid by the state in February totaled $148.4 million, which was down $15.1 million, or 9.3 percent, from a year ago and $24.8 million below forecast.


DF&A said the decrease reflects an earlier start of electronic filings of tax returns by the IRS than in the previous two years.


Individual income tax collections last month totaled $210.5 million, which was down $16.2 million, or 7.2 percent, from a year ago and $17.4 million, or 7.6 percent, below forecast.


Corporate income tax collections for February totaled $4.3 million, which was down $1.2 million from a year ago and $1.4 million, or 24.1 percent, below forecast.


For the fiscal year to date, net available general revenues total $3.3 billion, which is $127.2 million, or 4 percent, above total revenues at this time last year and $94.6 million, or 2.9 percent, above forecast.