| Arkansas state budget for FY2011 is $4.5 billion and it became law on Feb. 26, 2010.[1] Arkansas is one of only four states in the U.S. to enter fiscal year 2011 without an official deficit.[2] Governor Mike Beebe said "conservative budgeting and cautious spending have put Arkansas in an advantageous position."[3] The state will receive approximately $220 million from H.R. 1586, a $26 billion plan to give states money for Medicaid and education that the President signed into law on August 10, 2010.[4] Over the past five years, Arkansas state government grew by an average of about 7%, with the biggest year of growth was for fiscal year 2005 when the state budget grew by 10.88%.[5] Arkansas has a total state debt of $7,899,579,400 when calculated by adding the total of outstanding debt, pension and OPEB UAAL's, unemployment trust funds and the 2010 budget gap |
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