News

PA tax revenues remain above estimates

Written by The Associated Press | Jan 2, 2014 4:12 PM
Harrisburg-capitol-building-2.jpg

(Harrisburg) -- Halfway through the state's fiscal year, Pennsylvania's tax collections are on target with budget projections.

The state government has taken in $12.3 billion, despite sluggish collections in December.

Revenue from the two most lucrative tax lines -- the sales tax and personal income tax -- trailed projections by less than a percentage point between July and December.

Corporate tax revenue over the six-month period totaled $1.3 billion, exceeding estimates by 4.6 percent. But tax collections on inheritances, realty transfers, cigarettes, malt beverages, liquor and table games lagged projections.

Published in News

Tagged under , , , ,

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

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 »