Shortest Month is Plus Month For PA Collections
Collected $2.9 billion in General Fund revenue – $44 million or 1.6 percent more than anticipated
March 4, 2025
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Collected $2.9 billion in General Fund revenue – $44 million or 1.6 percent more than anticipated
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The shortest month of the calendar year proved to be a positive one for revenue collection in the Commonwealth.
Revenue Secretary Pat Browne announced on Monday that Pennsylvania collected $2.9 billion in General Fund revenue in February – $44 million or 1.6 percent more than anticipated.
The collections helped the state close the gap on its two-month projections which are $104.3 million below estimate.
“Collections from all of our major revenue sources are nearly right on target, and that is a big reason why our overall collections are so close to our projections,” said Browne. “Our goal is typically to be within two percent of our estimate, so we’re in a very good place with four months to go in the current fiscal year.”
Just under 40 percent of the collections came from sales tax receipts which totaled $1.1 billion for the month. Another 40 percent came from personal income tax revenue ($1.2 billion).
Revenue generated from inheritance tax revenue ($159.3 million) above estimate erased the February corporation tax revenue ($199.1 million) which was below estimate.
Also below estimates were realty transfer tax revenue ($38.2 million) and General Fund tax revenue ($130.1 million). On the flip side, non-tax revenue ($53.8 million) and the Motor License Fund ($269.8 million) were above estimates.
The shortest month of the calendar year proved to be a positive one for revenue collection in the Commonwealth.
Revenue Secretary Pat Browne announced on Monday that Pennsylvania collected $2.9 billion in General Fund revenue in February – $44 million or 1.6 percent more than anticipated.
The collections helped the state close the gap on its two-month projections which are $104.3 million below estimate.
“Collections from all of our major revenue sources are nearly right on target, and that is a big reason why our overall collections are so close to our projections,” said Browne. “Our goal is typically to be within two percent of our estimate, so we’re in a very good place with four months to go in the current fiscal year.”
Just under 40 percent of the collections came from sales tax receipts which totaled $1.1 billion for the month. Another 40 percent came from personal income tax revenue ($1.2 billion).
Revenue generated from inheritance tax revenue ($159.3 million) above estimate erased the February corporation tax revenue ($199.1 million) which was below estimate.
Also below estimates were realty transfer tax revenue ($38.2 million) and General Fund tax revenue ($130.1 million). On the flip side, non-tax revenue ($53.8 million) and the Motor License Fund ($269.8 million) were above estimates.
The shortest month of the calendar year proved to be a positive one for revenue collection in the Commonwealth.
Revenue Secretary Pat Browne announced on Monday that Pennsylvania collected $2.9 billion in General Fund revenue in February – $44 million or 1.6 percent more than anticipated.
The collections helped the state close the gap on its two-month projections which are $104.3 million below estimate.
“Collections from all of our major revenue sources are nearly right on target, and that is a big reason why our overall collections are so close to our projections,” said Browne. “Our goal is typically to be within two percent of our estimate, so we’re in a very good place with four months to go in the current fiscal year.”
Just under 40 percent of the collections came from sales tax receipts which totaled $1.1 billion for the month. Another 40 percent came from personal income tax revenue ($1.2 billion).
Revenue generated from inheritance tax revenue ($159.3 million) above estimate erased the February corporation tax revenue ($199.1 million) which was below estimate.
Also below estimates were realty transfer tax revenue ($38.2 million) and General Fund tax revenue ($130.1 million). On the flip side, non-tax revenue ($53.8 million) and the Motor License Fund ($269.8 million) were above estimates.
The shortest month of the calendar year proved to be a positive one for revenue collection in the Commonwealth.
Revenue Secretary Pat Browne announced on Monday that Pennsylvania collected $2.9 billion in General Fund revenue in February – $44 million or 1.6 percent more than anticipated.
The collections helped the state close the gap on its two-month projections which are $104.3 million below estimate.
“Collections from all of our major revenue sources are nearly right on target, and that is a big reason why our overall collections are so close to our projections,” said Browne. “Our goal is typically to be within two percent of our estimate, so we’re in a very good place with four months to go in the current fiscal year.”
Just under 40 percent of the collections came from sales tax receipts which totaled $1.1 billion for the month. Another 40 percent came from personal income tax revenue ($1.2 billion).
Revenue generated from inheritance tax revenue ($159.3 million) above estimate erased the February corporation tax revenue ($199.1 million) which was below estimate.
Also below estimates were realty transfer tax revenue ($38.2 million) and General Fund tax revenue ($130.1 million). On the flip side, non-tax revenue ($53.8 million) and the Motor License Fund ($269.8 million) were above estimates.
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