Monthly Revenue Report

www.revenue.state.pa.us Torn Corbett, Governor Daniel Meuser, Secretary of Revenue Monthly Revenue Report September 2011 IN THIS ISSUE: Q GENERAL FUND Page 1 • MOTOR LICENSE AND GAMING FUNDS Page 2 Q REVENUE RECEIPTS FOR SELECTED SPECIAL FUNDS Page 2 REFUNDS OF TAXES Page 2 KEY ECONOMIC INDICATORS Page 3 GENERAL FUND GROWTH Page 4 Q GENERAL FUND COMPARISON OF ACTUAL TO ESTIMATE SEPTEMBER 2011 Page 5 Q MOTOR LICENSE FUND GROWTH Page 6 0 MOTOR LICENSE FUND COMPARISON OF ACTUAL TO ESTIMATE SEPTEMBER 2011 Page 6 GENERAL FUND General Fund collections of $2,323.0 million for the month of September were $151.8 million, or 6.1%, below the official estimate. Fiscal year 2011-12 collec¬ tions of $5,849.1 million were below the official estimate by $215.0 million, or 3.5%. • Total Corporation Tax collections of $466.0 million for the month of September were $92.9 million, or 16.6%, below the official estimate. Year-to-date collections are $89.5 mil¬ lion, or 12.9%, below estimate. • Sales and Use Tax (SUT) collections of $714.9 million were $14.9 million, or 2.0%, below estimate. Year-to-date col¬ lections are $30.6 million, or 1.4%, below estimate. • Total Personal Income Tax (PIT) collections of $902.5 mil¬ lion for the month of September were $42.0 million, or 4.4%, below estimate. Year-to-date collections are $97.1 million, or 4.0%, below the official estimate. • Realty Transfer Tax (RTT) revenues of $26.5 million were $0.6 million, or 2.3%, below estimate. Year-to-date collec¬ tions are $5.1 million, or 5.9%, below estimate. • Inheritance Tax revenues of $64.7 million were $1.4 mil¬ lion, or 2.1%, below estimate. Year-to-date collections are $6.5 million, or 3.1%, below estimate. • Other tax revenue including Cigarette, Malt Beverage, Liquor, Table Games, and other miscellaneous tax collec¬ tions totaled $134.3 million for the month of September. • Nontax revenue collections for the month of September were below the official estimate by $5.2 million. Year-to- date collections are $6.5 million above the official estimate. Раде 1 Direct address changes, requests for inclusion on the mailing list, and any other inquiries to the Pennsylvania Department of Revenue, Bureau of Research 1147 Strawberry Square Harrisburg, PA 17128-1100 717.787.6300 FAX 717.787.6738.