Pa. tax revenue tops estimate by $1.1 billion
Pennsylvania’s General Fund collections reached $48.9 billion in 2025-26, $1.1 billion (2.4%) above estimate, led by strong sales, personal income and corporate tax receipts.
Pennsylvania took in more tax revenue than anticipated this past fiscal year.
Revenue Secretary Pat Browne announced Wednesday that Pennsylvania ended the 2025-26 fiscal year with $48.9 billion in General Fund collections
That’s $1.1 billion, or 2.4% above estimate.
“Throughout this fiscal year, we have seen strong collections from many of our major revenue sources, including sales tax and employer withholding tax. These are real-time indicators that show the strength of our financial position,” Browne said in a release.
Sales tax receipts totaled $1.4 billion for June, $57.3 million above estimate. Fiscal year-to-date sales tax collections total $15.5 billion, which is $176.4 million, or 1.2%, more than anticipated.
Personal income tax revenue in June was $1.7 billion, $15.4 million above estimate. This brings fiscal-year total PIT collections to $20 billion, which is $410.9 million, or 2.1%, above estimate.
June corporation tax revenue of $475.4 million was $159.1 million above estimate. Fiscal year-to-date corporation tax collections total $7.4 billion, which is $266.9 million, or 3.7%, above estimate.
Inheritance tax revenue for the month was $154.5 million, $14.7 million above estimate. Browne said this brings the fiscal-year total to $1.9 billion, which is $103.9 million, or 5.9%, above estimate.
Realty transfer tax revenue was $71.7 million for June, $3.1 million above estimate. This brings the fiscal-year total to $661.3 million, which is $22.3 million, or 3.5%, more than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $158.1 million for the month, $8.1 million below estimate.
This brings the fiscal-year total to $1.5 billion, which is $57.3 million, or 4%, above estimate.
Non-tax revenue totaled $28.2 million for the month, $31.1 million below estimate. This brings the fiscal-year total to $1.9 billion, which is $100.4 million, or 5.5 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $229.5 million for the month, $17.1 million below estimate. Fiscal year-to-date collections for the fund — which include the commonly known gas and diesel taxes, as well as other license, fine and fee revenues — total $3.2 billion, which is $61.4 million, or 2 percent, above estimate.