August 2, 2011

July State Revenue About The Same As Last Year

Pennsylvania collected $1.7 billion in General Fund revenue in July, the first month of the 2011-12 fiscal year, Secretary of Revenue Daniel Meuser reported Monday.
           Sales tax receipts totaled $743.8 million; personal income tax revenue was $663.9 million; and corporation tax revenue was $78 million for July.
           General Fund revenue figures for July included $66.3 million in inheritance tax and $27.7 million in realty transfer tax.
           Other General Fund revenue, including cigarette, malt beverage, liquor and table games taxes totaled $113.3 million for the month.
           Non-tax revenue totaled $27.1 million for the month.
           In addition to the General Fund collections, the Motor License Fund received $191.1 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues.
           As in years past, July collection data does not include a comparison against anticipated amounts because revenue estimates for each month are not yet finalized. The August collections release will include comparisons of collections to estimates.