HARRISBURG, Pa. (AP) – Pennsylvania’s revenue collections are running slightly below expected for the month of March, but they remain well ahead of projections for the government’s fiscal year.
The Revenue Department announced Wednesday it took in about $9 million less than projected last month, a gap of two-tenths of one percent from what had been expected.
For the year, the state’s coffers are about $368 million ahead of estimates. The state’s already collected nearly $22 billion. The fiscal year wraps up at the end of June.
The agency says the March fall-off is driven largely by lagging sales and inheritance taxes. Personal income and corporation revenues are well above expected for the month.
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