LITTLE ROCK — Arkansas revenues for May were up 6.5 percent compared to a year ago and 13.6 percent above forecast, the state’s fiscal office said Tuesday.

LITTLE ROCK — Arkansas revenues for May were up 6.5 percent compared to a year ago and 13.6 percent above forecast, the state’s fiscal office said Tuesday.


Net available general revenues for May totaled $335.9 million, which was $20.5 million above May 2014 and $40.3 million above forecast, the state Department of Finance and Administration said.


Tax collections were above forecast in all major categories, according to DF&A.


Gov. Asa Hutchinson said Tuesday he was pleased but cautious.


"While I’m pleased with the numbers, there’s always some uncertainty when the unemployment numbers are still too high. We will continue to budget in a cautious and conservative fashion as we head into the new fiscal year," he said.


Arkansas’ unemployment rate in April, the most recent month for which statistics are available, was 5.7 percent, or three-tenths of a percentage point higher than the national jobless rate.


DF&A said individual income tax collections for May totaled $198.9 million, which was $4.7 million, or 2.3 percent, below May 2014 but $25.2 million, or 14.5 percent, above forecast.


Corporate income tax collections last month totaled $8.7 million, which was up $1.5 million from last year and $2 million, or 29.5 percent, above forecast.


Sales tax collections for May totaled $188.6 million, which was up $7.9 million, or 4.4 percent, from to a year ago and $6.9 million, or 3.8 percent, above forecast.


For the fiscal year to date, with one month left to go, net available general revenues total $4.7 billion, which is up $180.2 million, or 4 percent, from a year ago. Year-to-date revenues are $40.3 million, or 0.9 percent, above the state revenue forecast that was revised in early May.