NOW LIVE: Eyewitness News

Local

Philadelphia Official Says Sales Tax Revenues Show Further Economic Recovery

(A Delaware Valley holiday shopper.  File photo)

(A Delaware Valley holiday shopper. File photo)

Mike Dunn Mike Dunn
Mike Dunn is City Hall bureau chief for KYW Newsradio 1060. He covers...
Read More

By Mike Dunn

PHILADELPHIA (CBS) — Old Saint Nick sure has long coattails, at least in Philadelphia.  Sales tax figures for Philadelphia in February are out, and they are a record-setter: $23.9 million came in.  City officials say holiday shopping brought sales tax revenues in February to an all-time high.

It was the highest level of sales tax receipts since the city started keeping track.  The numbers come courtesy of city controller Alan Butkovitz, who says the figure reflects carryover from the holiday shopping season, since accounting for that can be delayed by a month or two.

”It’s the latest indicator that the economy is perking up in this region,” Butkovitz said today.  “It’s the fourth consecutive month that sales tax receipts have been up.”

And even though holiday shopping contributed, Butkovitz says it is still significant since the $23.9 million is $1.1 million more than February a year ago.

Top Content On CBSPhilly

Follow

Get every new post delivered to your Inbox.

Join 35,106 other followers