The Department of Revenue Thursday reported Pennsylvania collected $2 billion in General Fund revenue in November, which was $79.5 million, or 3.8 percent, less than anticipated.
Fiscal year-to-date General Fund collections total $10.8 billion, which is $261.8 million, or 2.4 percent, below estimate.
Sales tax receipts totaled $773.5 million for November, $51.9 million below estimate. Year-to-date sales tax collections total $4.1 billion, which is $122.2 million, or 2.9 percent, less than anticipated.
Personal income tax revenue in November was $865.9 million, $20.2 million below estimate. This brings year-to-date PIT collections to $4.5 billion, which is $81.1 million, or 1.8 percent, below estimate.
November corporation tax revenue of $31.9 million was $27 million below estimate. Year-to-date corporation tax collections total $807.2 million, which is $57 million, or 6.6 percent, below estimate.
Inheritance tax revenue for the month was $68.5 million, $5 million below estimate, bringing the year-to-date total to $368.4 million, which is $14.5 million, or 3.8 percent, below estimate.
Realty transfer tax revenue was $37.8 million for November, $1.8 million below estimate, bringing the fiscal-year total to $199.3 million, which is $28 million, or 12.3 percent, less than anticipated.
Other General Fund tax revenue, including cigarette, other tobacco products, malt beverage, liquor and table games taxes, totaled $163 million for the month, $23.1 million below estimate and bringing the year-to-date total to $740.3 million, which is $8.1 million, or 1.1 percent, below estimate.
Non-tax revenue totaled $46.5 million for the month, $49.5 million above estimate, bringing the year-to-date total to $109.7 million, which is $49.1 million, or 81.1 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $222.6 million for the month, $3.1 million below 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 $1.1 billion, which is $7.9 million, or 0.7 percent, below estimate.NewsClips:
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