LITTLE ROCK — Arkansas revenues for November were down 4.2 percent from last year and 1.1 percent below forecast, the state’s fiscal office said Wednesday.

LITTLE ROCK — Arkansas revenues for November were down 4.2 percent from last year and 1.1 percent below forecast, the state’s fiscal office said Wednesday.


Net available general revenues last month totaled $374.6 million, which was down $16.5 million from November 2014 and $4.3 million below forecast, according to the state Department of Finance and Administration.


The agency said net revenues were down in November largely because corporate income tax refunds totaled $20.5 million, which was three times larger than a year ago and $12.5 million above forecast. The surge in refunds reflected reconciliation of overpayments by corporations with their final returns for tax year 2014, DF&A said.


Corporate income tax collections last month totaled $7.6 million, which was up $1.2 million from November 2014 and $1.3 million, or 20.4 percent, above forecast.


Individual income tax collections in November totaled $213.4 million, which was down $13.7 million, or 6 percent, from a year ago and $1 million, or 0.4 percent, below forecast.


Sales tax collections last month totaled $184.9 million, which was up $4.5 million, or 2.5 percent, from November 2014 and $0.9 million, or 0.5 percent, above forecast.


For the fiscal year to date, net available general revenues total $2.1 billion, which is $0.9 million above year-ago levels and $59.1 million, or 2.9 percent, above forecast.