Governor Sarah Huckabee Sanders of Arkansas has indicated she's open to holding a special legislative session to discuss further tax reductions, following the state's impressive fiscal year-end surplus of over $1.1 billion. Speaking to the Rotary Club of Little Rock, Governor Sanders hinted at the possibility of deeper income tax cuts in the near future, potentially through the regular fiscal legislative session next April, or even a special session called earlier.
She emphasized a collaborative approach with the Legislature to determine the best timing for such action, telling reporters, "I'm never one to completely dismiss any option." This statement followed her address where she discussed leveraging the surplus for additional tax relief and further investments in education.
This potential move comes after the state already enacted income tax cuts for individuals and corporations earlier this year, amounting to $124 million annually. While the governor didn't specify the extent of the proposed cuts or the planned educational investments, the significant surplus provides ample room for both initiatives. The final decision on whether to call a special session will depend on discussions with legislative partners.
