Harrisburg, PA — Pennsylvania collected $6.7 billion in General Fund revenue in April, which was $519 million, or 8.4 percent, more than anticipated, Revenue Secretary Pat Browne reported today. Fiscal year-to-date General Fund collections total $41.7 billion, which is $992.8 million, or 2.4 percent, above estimate.
“It’s very encouraging to see our revenue collections coming in so strong this month. April is historically a major month for us, largely because of a key due date for personal income tax falling on the 15th,” said Secretary Browne. “We’re also seeing a lot of positive trends from our other major revenue sources. With a surplus of nearly $1 billion as of today, we are in a very strong position with three months to go in the fiscal year.”
“When Governor Shapiro took office, he mapped out a plan to make strategic investments that would grow the Commonwealth’s economy. The steps the Governor took are delivering results — and our revenue collections so far this fiscal year are evidence the plan is working,” said Secretary of the Budget Zachary Reber. “The Governor’s leadership and commitment to responsible fiscal management have put us in a position where we have the funding available to continue investing in our communities and the Pennsylvanians we serve.”
Sales tax receipts totaled $1.4 billion for April, $25.4 million above estimate. Year-to-date sales tax collections total $12.8 billion, which is $82.5 million, or 0.6 percent, more than anticipated.
Personal income tax (PIT) revenue in April was $3.8 billion, $200.3 million above estimate. This brings year-to-date PIT collections to $17.1 billion, which is $411.0 million, or 2.5 percent, above estimate.
April corporation tax revenue of $824.5 million was $153.1 million above estimate. Year-to-date corporation tax collections total $6.7 billion, which is $213.8 million, or 3.3 percent, above estimate.
Inheritance tax revenue for the month was $175.4 million, $14.8 million above estimate. This brings the year-to-date total to $1.5 billion, which is $88.1 million, or 6.0 percent, above estimate.
Realty transfer tax revenue was $52.5 million for April, $13.1 million below estimate. This brings the fiscal-year total to $529.8 million, which is $20.4 million, or 4.0 percent, more than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $29.2 million for the month, $11.2 million above estimate. This brings the year-to-date total to $1.2 billion, which is $47.5 million, or 4.3 percent, above estimate.
Non-tax revenue totaled $509.9 million for the month, $127.2 million above estimate, bringing the year-to-date total to $1.8 billion, which is $129.5 million, or 7.5 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $309.1 million for the month, $34.5 million above estimate. Fiscal year-to-date collections for the fund — which include the commonly known gas and diesel taxes, as well as other license, fine and fee revenues — total $2.7 billion, which is $70.6 million, or 2.7 percent, above estimate.