Governor Asa Hutchinson Says State Faces $353 Million Shortfall

LITTLE ROCK, Ark. (AP) — Arkansas faces a $353 million budget shortfall because of the economic fallout from the coronavirus outbreak, Gov. Asa Hutchinson said Monday.

Hutchinson announced the shortfall as he said the state was delaying its filing and payment deadline for individual income taxes from April 15 to July 15, mirroring a move by the federal government. The governor said most of the state’s projected drop in revenue will come from that move, and officials had already expected $160 million less coming in because of the outbreak’s impact on businesses.

For most people, the coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover.

State health officials on Monday also ordered barber shops, hair salons, massage therapists tattoo shops and nail salons to close

The state last week prohibited dine-in service at bars and restaurants and closed public schools until April 17.

 

For a Complete Look at All the Latest News Click Link Below

http://www.ecommnewsnetwork.com/category/news-daypop/