Arkansas

Arkansas has one of the oldest constitutional tax and expenditures limits in the country, enacted by legislative referendum in 1934. The TEL is covered in the Arkansas State Constitution Article 5 Sections 38 and 39. The limit only covers tax revenues, but the legislature can create new forms taxes not limited by the TEL. The TEL can be overridden by voter approval.

The base year represents the year the hypothetical Taxpayer's Bill of Rights (TABOR) would have been enacted. Selecting a base year changes how the state’s TABOR is calculated because the annual growth rates of inflation and population change depending on when TABOR is enacted.

Year	Inflation-adjusted Actual Spending
1992	7,682,870,487
1993	7,964,066,190
1994	8,414,049,437
1995	8,953,725,384
1996	9,469,195,184
1997	10,249,315,510
1998	11,087,853,690
1999	12,010,795,980
2000	11,920,726,840
2001	12,329,753,170
2002	13,094,836,360
2003	13,160,513,500
2004	13,721,806,380
2005	14,200,230,310
2006	14,705,969,250
2007	15,434,071,370
2008	15,737,450,450
2009	16,662,325,340
2010	16,702,467,740
2011	16,915,556,760
2012	17,688,567,060
2013	18,632,594,460
2014	19,427,924,040
2015	19,928,489,480
2016	19,622,414,790
2017	20,084,590,860
2018	19,994,589,850
2019	20,130,508,770
2020	20,267,405,540
2021	19,936,724,560
2022	19,794,000,000

*All spending figures are in inflation-adjusted 2022 dollars.