file photo
HARRISBURG, Pa. (CBS) – Pennsylvania’s revenue collections to run a bit ahead of projections, but not nearly enough to put a serious dent in a multi-billion dollar deficit projected for the next state budget.
The Pennsylvania Revenue Department says collection of the state’s two biggest taxes, the sales and personal income taxes, were both up slightly in January. For the fiscal year to date, total revenue collections are $264 million, or about two percent, above projections.
while that may that may be a positive sign in regard to the economy, Delaware County Republican William Adolph, chairman of the House Appropriations Committee, says the modest surplus in this year’s budget won’t do much to help staunch the flow of red ink in the next budget.
“You know, that may be $400 million by June 30th… [but] when you’re looking at a $4 billion dollar deficit, those projections aren’t going to fill that hole.”
One reason for the multi-billion dollar structural deficit is the disappearance of federal stimulus funds that have helped plug holes in the last two state budgets.
Reported by Tony Romeo, KYW Newsradio
MOST VIEWED GALLERIES
- PHOTOS: Angelina Jolie Through The Years
- PHOTOS: Celebrity Infidelity Scandals
- PHOTOS: Celebrity Birthdays: May
- PHOTOS: Top 20 Most Hated Hollywood Celebrities
- PHOTOS: Celebrity Photobombs



James Gandolfini
Most Romantic US Honeymoon...
GHI @Home - Metal Shingle /...
Athletes We Wish Stayed In...
Tiger Woods At The US Open At...
Final Round: The U.S. Open At...
Baseball Shots Of The Week –...
Behind the Scenes: TP...
Orr At The Shore 2013
NCC Retro-Rama Party
The Philadelphia Diamonds Of...
11th Annual Gary Papa 5K Run-...
2013 US Open At Merion
Storm Photos: June 13, 2013
WIP Morning Show Father's Day...
US Open At Merion Practice...







