Lottery money

Harrisburg, Pa. -- The state's General Fund is the predominant fund which is used to finance state government operations. The Pa. Department of Revenue released information which outlined that Pa. had collected $2.8 billion in General Fund revenue in October, which was $159.9 million, or 6.0 percent more than anticipated, according to Revenue Secretary Dan Hassell.

Hassell said that fiscal year-to-date General Fund collections total $12.1 billion, which is $788.2 million, or 7.0 percent above estimates.

Sales tax receipts totaled $1.2 billion for October, $51.8 million above estimate. Year-to-date sales tax collections total $4.7 billion, which is $194.1 million, or 4.4 percent more than anticipated.

Personal income tax (PIT) revenue in October was $1.1 billion, $45.8 million above estimate. This brings year-to-date PIT collections to $4.6 billion, which is $210.7 million, or 4.8 percent above estimate.         

According to the state, October corporation tax revenue of $166.0 million was $33.0 million above estimate. Year-to-date corporation tax collections total $1.4 billion, which is $290.4 million, or 27.0 percent above estimate.

Inheritance tax revenue for the month was $119.6 million, $4.3 million above estimate, bringing the year-to-date total to $490.2 million, which is $17.1 million, or 3.6 percent above estimate; and Realty transfer tax revenue was $62.0 million for October, $6.1 million below estimate, bringing the fiscal-year total to $243.9 million, which is $10.2 million, or 4.4 percent more than anticipated. 

Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $163.3 million for the month, $13.1 million above estimate and bringing the year-to-date total to $653.4 million, which is $29.4 million, or 4.7 percent above estimate. 

Non-tax revenue totaled $37.0 million for the month, $18.0 million above estimate, bringing the year-to-date total to $122.8 million, which is $36.3 million, or 42.0 percent above estimate.

The Revenue Department said that in addition to the General Fund collections, the Motor License Fund received $230.8 million for the month, $19.9 million above 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 $960.6 million, which is $42.4 million, or 4.6 percent above estimate.


Support our journalism

Our content is free, but our journalists work hard. 100% of your contribution to NorthcentralPa.com goes directly toward helping us cover the important news and events in our region. Thank you for saying that local news matters!

This story was compiled by an NCPA staff reporter from submitted news. To see a list of our editorial staff please visit our staff directory.