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Revenue Secretary Pat Browne reported that Pennsylvania has collected nearly $928 million more than anticipated. PHOTO/PACAST
Pa. collects $3B in General Fund revenue in August
Listen to this articlePennsylvania Revenue Secretary Pat Browne reported that the commonwealth collected $3 billion in General Fund revenue in August.
Fiscal year-to-date General Fund collections total $6 billion. Sales tax receipts totaled $1.3 billion for August, and year-to-date sales tax collections totaled $2.6 billion.
August’s personal income tax (PIT) revenue was $1.2 billion, bringing year-to-date PIT collections to $2.4 billion.
Corporation tax revenue for the month was $94.1 million. Year-to-date corporation tax collections total $241 million.
The month’s inheritance tax revenue was $138.8 million, making the year-to-date total $287.4 million.
Realty transfer tax revenue for August was $53.4 million, bringing the fiscal-year total to $39.9 million.
August’s other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $153.9 million. This brings the year-to-date total to $224.7 million.
Non-tax revenue for the month totaled $90.9 million, making the year-to-date total $122.9 million.
Along with General Fund collections, August’s Motor License Fund received $310.9 million. Fiscal year-to-date collections for the fun, which include the commonly known gas and diesel taxes, as well as other license, fine and fee revenues, total $563.4 million.
As the official estimate for the 2025-26 fiscal year has not been certified, August collection data does not include a comparison against anticipated amounts. According to a release, the certification of the official estimate occurs as part of the process to finalize the budget for the fiscal year. After that occurs, the Department of Revenue generates monthly estimates that are compared against actual revenue collections.
