Facebook LinkedIn Twitter RSS

Pa. General Fund fiscal year tax revenue 0.2 percent ahead of estimate

- Last modified: July 8, 2013 at 11:04 AM

Pennsylvania General Fund collections for the 2012-13 fiscal year came in at about $28.6 billion, or 0.2 percent higher than estimated, according to the state Department of Revenue.

Sales, inheritance and other General Fund tax revenue were below the estimates for the fiscal year, according to a news release. The largest recorded differences were by sales and other tax revenue, which were both about 3.5 percent less than anticipated.

Other tax revenue includes General Fund money from levies on cigarettes, malt beverages, liquor and table games, the department said.

Personal income, corporation, realty transfer and nontax revenue exceeded estimates for the fiscal year, with the last category posting the largest percentage difference at 13.8 percent, according to the release.

Collections for the state's Motor License Fund, which is additional to the General Fund and includes gasoline and diesel taxes among its sources, were about $2.4 billion for the fiscal year, or 0.8 percent above the estimate.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!