Arkansas

With revenue rising more than 28% in February, Arkansas is on track to a $35.9 million surplus by the end of the fiscal year, state officials said.

Municipal bond primary market volume in the Southwest surpassed the previous record set in 2008, climbing 20% to $77.7 billion.

Arkansas Gov. Asa Hutchinson wants to raise state transportation funding by $750 million over 10 years without raising taxes.

Arkansas revenues for December fell below those reported for the same month in 2014 but managed to surpass expectations by $7.7 million.

A healthy increase in sales and use tax revenue indicates growing consumer confidence, Arkansas officials said.

Like Depression-era Arkansas, Puerto Rico took on too much debt, leading to a crisis when the worldwide economy shrank. But there are some key differences.

Long before Puerto Rico's debt crisis, Arkansas' defaults were followed by a decade of refundings, a debt exchange, and ultimately Federal help to resolve its problems.

A three part series examining Arkansas' road to default, the state's efforts to resolve the crisis, and the similarities and differences with Puerto Rico today.

Most Arkansas polled in a recent survey do not favor a gasoline tax increase to cover a road revenue shortfall.

Arkansas remained ahead of its revenue forecast three months into the fiscal year, with September income 3% above projections, according to John Shelnutt, head of economic analysis and tax research.