Pennsylvania’s revenues increased in August
by Brian Bowling
The state’s general fund revenues in August were $2.13 billion, a 5.6 percent gain over August 2016, according to a report by the Independent Fiscal Office.
Tax revenues were $2.09 billion, a 4.5 percent increase over the previous August. Nontax revenues such as license fees and fines were $43 million, a 119.5 percent increase.
Personal income tax revenues were $900 million, a 0.6 percent increase. The report notes that the largest part of that revenue — taxes withheld from paychecks — was affected by how due dates hit during the month. The three-month growth rate was 3.2 percent.
Sales and use tax revenues were $839 million, a 6.1 percent increase. Corporate net income tax revenues were $47 million, a 76.8 percent increase.
Brian Bowling is a Pittsburgh Tribune Review staff writer. Reach him at 724-850-1218, firstname.lastname@example.org or via Twitter @TribBrian.