Pennsylvania Tax Revenue Down For November, But Better Than Expected
By Tony Romeo
HARRISBURG, Pa. (CBS) - Pennsylvania's revenue collections for the month of November were down a bit, although they remain slightly above projections for the first five months of the fiscal year, all totaled.
Revenue collections for November were 1.4 percent below expectations, although they still remain 0.6 percent above projections overall since the beginning of July.
Erik Arneson, spokesman for the Senate majority leader, Chester Republican Dominic Pileggi, says, "The good news in these numbers is that we're still above estimate year-to-date. The bad news is that November was down a little. Of course, we were still at the beginning of the month suffering some of the effects from Hurricane Sandy, so that may have played an impact. But overall, we don't see it as a big enough dip to cause any real concern."
Sales tax revenues were below estimates in November, and are down for the fiscal year-to-date, as well. Personal income tax collections were down for November, although they are slightly above projections fiscal year-to-date.
