Tax Collection

Three months until the end of the 2013-14 fiscal year, Pennsylvania’s revenue collections are 0.5  percent short of estimates.

The Department of Revenue reports  through the first nine months of FY 13-14 it has collected  $20.5 billion — $96.3 million behind approximations — but spokeswoman Elizabeth Brassell said that number “disguises the fiscal reality.”

Two months into the new fiscal year, Pennsylvania’s revenue collections seem to be lagging just a little behind, with the Pennsylvania Department of Revenue’s General Fund bringing in $3.7 billion— 0.1 percent below estimate.

In August, corporation tax, inheritance tax and realty transfer tax all fell below the state’s projections. Only sales, cigarette, alcohol and table game tax revenues were above estimates.