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Pennsylvania tax collections remain on track for big surplus

Pennsylvania tax collection remains far ahead of estimates with only two months left in the fiscal year, according to statistics released from the Pennsylvania Revenue Department.

April collections were a return to positive results, as the state collected $4 billion in general fund revenue, $201 million and 5.3 percent more than anticipated. March saw collections marginally lower than projected, the first time in six months collections fell below anticipated levels.

For the 10 months of the fiscal year, the state has collected $25.7 billion — $569.1 million and 2.3 percent above projections. Last year, the state finished the fiscal year $508.8 million below projections.

Personal income tax continues to be the highest collection, with the state collecting $2.1 billion for the month and $10.2 billion for the year.

The April collection rate of nontax revenue is one of the biggest drivers of the current surplus. The state collected $445.8 million for the month, about $189.5 million above estimate, and the annual collection is $223.8 million higher than expected.

That represents more than 39 percent of the total revenue surplus for the year. The nontax revenue surplus just for April represents more than 33 percent of the surplus for the year.

Elizabeth Brassell, spokeswoman for the Pennsylvania Department of Revenue, said collections on unclaimed property came in much higher than expected, accounting for the jump in the collection rate.

Michael Sadowski

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