Revenue Tracker

The Pennsylvania Budget and Policy Center produces a variety of reports, policy briefs, and other publications on state budget and tax policy, health care policy, education policy, poverty and public welfare, the economy, and several related issues. Below is an archive of all PBPC publications to date.

Browse by Issue: You can also browse PBPC publications by the following issue areas:

Tax and Budget     |     Education     |     Health and Family Security     |     PA Economy     |     Democracy

General Fund revenue collections exceeded official revenue targets by just under $50 million in May. This pushes the fiscal-year-to-date revenue surplus to $619 million, or 2.3% above estimate. While revenues exceeding estimate are a good signal that the economy is doing better than expected, the 2014-15 surplus is unlikely to have the positive impact on the 2015-16 budget that one would normally expect.

April collections were higher than expected, pushing the state's revenue surplus in 2014-15 to over $500 million. This piece takes a closer look at what this means for next year's budget and the state's ongoing structural deficit.

April 4, 2015

March is always the most important month for the collection of corporate taxes because nearly half of all corporate tax dollars for the fiscal year come in at this time. While overall tax collections were on target in March 2015, a closer look shows why we need to re-think our corporate tax policies in Pennsylvania.

General Fund revenue collections in January exceeded targets, but the results are more lackluster than they initially seem.

January 7, 2015

December revenue collections were better than expected, coming in $162 million higher than the December revenue target. This pushes the 2014-15 revenue surplus to $271 million, or 2.1%.

While having more money is better than having less money when trying to balance the state budget, the current 2014-15 revenue surplus pales in comparison to the $2 billion shortfall projected for 2015-16.

October revenue collections came in $103 million higher than expected, due primarily to a one-time infusion of inheritance tax revenue. 

Through September, Revenues are on Target, but Fiscal Troubles Remain
General Fund revenue collections are on track to meet targets through the first quarter of 2014-15. While revenue collections in the first quarter are the smallest of the commonwealth’s fiscal year, the results are a good, if early, sign.

Despite the positive revenue results, many questions remain regarding the fiscal health of the commonwealth.

Pennsylvania is already short of money and borrowing to pay bills less than three months into a new budget year. And that's after transferring $225 million from other state funds in July.

 

Monthly archive