Pa. tax revenue exceeds estimate by 1.1 billion

Pennsylvania took in more tax revenue than anticipated this past fiscal year. 

Revenue Secretary Pat Browne announced Wednesday that Pennsylvania ended the 2025-26 fiscal year with $48.9 billion in General Fund collections 

That’s $1.1 billion, or 2.4% above estimate. 

“Throughout this fiscal year, we have seen strong collections from many of our major revenue sources, including sales tax and employer withholding tax. These are real-time indicators that show the strength of our financial position,” Browne said in a release. 

 Sales tax receipts totaled $1.4 billion for June, $57.3 million above estimate. Fiscal year-to-date sales tax collections total $15.5 billion, which is $176.4 million, or 1.2%, more than anticipated. 

Personal income tax revenue in June was $1.7 billion, $15.4 million above estimate. This brings fiscal-year total PIT collections to $20 billion, which is $410.9 million, or 2.1%, above estimate. 

June corporation tax revenue of $475.4 million was $159.1 million above estimate. Fiscal year-to-date corporation tax collections total $7.4 billion, which is $266.9 million, or 3.7%, above estimate. 

Inheritance tax revenue for the month was $154.5 million, $14.7 million above estimate. Browne said this brings the fiscal-year total to $1.9 billion, which is $103.9 million, or 5.9%, above estimate. 

Realty transfer tax revenue was $71.7 million for June, $3.1 million above estimate. This brings the fiscal-year total to $661.3 million, which is $22.3 million, or 3.5%, more than anticipated.

 Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $158.1 million for the month, $8.1 million below estimate.  

This brings the fiscal-year total to $1.5 billion, which is $57.3 million, or 4%, above estimate. 

Non-tax revenue totaled $28.2 million for the month, $31.1 million below estimate. This brings the fiscal-year total to $1.9 billion, which is $100.4 million, or 5.5 percent, above estimate.  

In addition to the General Fund collections, the Motor License Fund received $229.5 million for the month, $17.1 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 $3.2 billion, which is $61.4 million, or 2 percent, above estimate.