PA pulls in $2.9B in funds in July, but state can’t compare it to anything because there’s no budget

02 August 2023- Pennsylvania collected $2.9 billion in General Fund revenue in July, the first month of the 2023-24 fiscal year, Secretary of Revenue Pat Browne reported today. 

Sales tax receipts totaled $1.3 billion in July. 

Personal income tax (PIT) revenue in July was $1.1 billion.

Corporation tax revenue was $188.2 million for July. 

General Fund revenue figures for July included $127.9 million in inheritance tax and $1.1 million in realty transfer tax.

Other General Fund revenue, including cigarette, malt beverage, liquor and gaming taxes totaled $92.4 million for the month.

Non-tax revenue totaled $98.7 million for the month.

In addition to the General Fund collections, the Motor License Fund received $272.0 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues.

July collection data does not include a comparison against anticipated amounts because the official estimate for the 2023-24 fiscal year has not been certified.