Pa. Tax Collections Lag Projections In November
HARRISBURG, Pa. (AP) – Pennsylvania's tax collections were sluggish through November, the fifth month of the fiscal year.
State Revenue Secretary Daniel Meuser said Thursday that overall tax collections were $1.7 billion in November, pushing the General Fund total to $9.4 billion – 3.6 percent below estimates – for the first five months of the fiscal year.
Personal income taxes were the only major tax that exceeded estimates last month, but only by $5 million and the year-todate total of $3.8 billion lags projections by 3.3 percent.
Sales tax receipts for the year so far total $3.6 billion, or 0.5 percent, less than anticipated.
Corporate tax revenue totaled $751 million through November – 18 percent below estimates.