HARRISBURG, PA — Pennsylvania reported $6.2 billion in General Fund revenue for April, surpassing estimates by $363.2 million, or 6.2 percent, according to Revenue Secretary Pat Browne. The fiscal year-to-date collections now total $39.4 billion, exceeding projections by $328.8 million, or 0.8 percent.
“It’s very encouraging to see our revenue collections for this month — especially for personal income tax — well ahead of our projections,” said Secretary Browne. “April is always an important month for personal income tax because of the tax season filing deadline falling on the 15th. Our overall revenue collections for the current fiscal year are also within 1 percent of our original estimate. That’s a testament to the good work our research staff has done to build our forecast and keep us on track.”
Personal income tax (PIT) revenue led the gains, totaling $3.5 billion for April, which was $287.0 million above projections. Year-to-date PIT collections are now $16.1 billion, exceeding estimates by $191.0 million, or 1.2 percent.
Sales tax receipts also exceeded expectations, reaching $1.3 billion for the month, $84.9 million over estimates. Total sales tax collections for the year stand at $12.2 billion, $103.7 million, or 0.9 percent, above estimates.
Corporation tax revenue for April totaled $729.3 million, falling $38.6 million below projections. Year-to-date, however, corporation tax collections remain on target at $6.8 billion.
Additional revenues included inheritance tax collections of $146.9 million for April, boosting year-to-date totals to $1.4 billion, 1.3 percent above estimates. Realty transfer tax revenue slightly underperformed at $51.6 million, bringing the yearly total to $475.4 million, 2.3 percent higher than projected.
Non-tax revenues added $417.2 million in April, exceeding projections by $44.4 million. Yearly non-tax revenue collections now stand at $1.3 billion, 2.6 percent above estimates.
Meanwhile, the Motor License Fund, which includes gas and diesel taxes, collected $250.9 million in April, falling short by $20.1 million. Year-to-date collections for the fund total $2.5 billion, exceeding expectations by $49.9 million, or 2.0 percent.
Pennsylvania’s steady performance in tax collections reinforces confidence in the state’s fiscal management and economic stability as it approaches the close of the fiscal year.
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