Pennsylvania’s year-to-date revenue collections are $160.2 million, or 1.8%, below budgeted revenues, with sluggish personal income tax and sales tax receipts accounting for most of the revenue gap.
The state has collected $8.8 billion of general fund revenue from July through October, the Department of Revenue said. Of that amount, the state received $3.5 billion last month, which is $19.5 million, or 0.6%, below prior estimates. Sales tax and personal income tax collections for the year have come in $89.3 million and $84.2 million under budget, respectively. Conversely, corporate tax receipts are $7.8 million above earlier projections.