The State s manufacturing base is highly diversified, and is growing in high tech businesses such as information technology, telecommunications, and biotechnology. These revenues support essential programs and services such as Education, Health, Human Services, and Corrections. Typically, general revenues are the most referenced aspect of Arkansas budget.
Federal funds are for eligible programs or uses mandated by the federal government.
Most federal funds utilized in Arkansas are matched by state funds in order to maximize resources for programs. Special revenues are comprised of dedicated fees such as motor vehicle licenses and motor fuel taxes. Trust funds are revenues held for specific purposes and long term obligations of the state such as retirement benefits of teachers and state employees, workers compensation benefits, and some Medicaid programs. Other funds consist of various non-revenue receipts that have a variety of sources covering state government needs in areas such as data processing and telecommunication. With a State population of approximately 2.5 million, almost one fourth of our citizens access the state s education system.