December taxes help keep PA budget on track

Written by The Associated Press | Jan 2, 2013 3:08 PM
Thumbnail image for Thumbnail image for money budget

(Harrisburg) -- Generally strong tax collections in December helped keep Pennsylvania's state budget in the black halfway through the budget year.

The Revenue Department says tax payments for the six months ending in December totaled $12.2 billion or 1.4 percent above projections. December collections alone were running nearly five percent above estimates.

Collections of income tax totaled $4.8 billion, about 1 percent higher than projections for the six-month period. But the other major state levy — the sales tax — lagged projections by $125 million or nearly 3 percent.

The department says corporate tax collections totaled $244 million during the first half of the fiscal year — about 20 percent above estimates.

Published in News

Tagged under , , , ,

back to top

Post a comment

Give Now

Support for WITF is provided by:

Become a WITF sponsor today »

Smart Talk

Real Life Real Issues

Flight 93: Devotion to a quiet field

Grave 43: Remembering Pony

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for WITF is provided by:

Become a WITF sponsor today »