DALLAS — Arkansas state revenues fell significantly below expected levels in September, as the state posted its largest monthly year-to-year revenue decline in 20 years.

Richard Weiss, director of the Department of Finance and Administration, said he is puzzled by revenues that last month came in 12% below the state’s official forecast and 14.2% less than collected in September 2008.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.