Pennsylvania House of Representatives Republican Caucus

Economic Brief
State Representative Rosemary Brown
February 2011

January Revenues Continue To Lead Projections;

General Fund Year-to-Date Collections Are $264 Million over Estimate
January revenue collections continued on a positive
track and beat estimates by $72 Million dollars or 3.4% for the
month. Cumulatively, year-to-date General Fund collections
are $264 Million over estimate with all collections for the year
totaling $13.7 Billion which is 2% above estimate.

All three major tax categories, corporate, sales, and

income came in better than expected for the first month of
2011. Sales tax colections showed positive signs by coming in
$4.8 Million or 0.6% over estimates. There was also continued
improvement in Personal Income Tax (PIT) collections. The PIT EMPLOYMENT STATISTICS
beat budget office expectations by $72 Million or 6.8% . December 2010 Monthly Change
Labor Force 6.358 Million -5,000
Corporation tax collections were $89.9 Million which
is $917,000.00 above estimate. Consumption tax collections Unemployment Rate 8.5% -0.1
totaled $899 Million which is $7.8 Million below estimate. All
Total Employment 5.819 Million +4,000
other tax collections were $1.2 Billion which is $74 Million
above estimate. Non-tax Revenue collected was $20.8 Million 12-Month Growth
which is $5.4 Million above estimate. Total Employment -15,000

Unemployment Rate -0.3

General Fund Revenue JANUARY REVENUE COLLECTIONS

Estimate Actual
Actual Collections

Estimated Collections
Corporation Taxes Corporation Taxes

$89 Million $89.9 Million

Consumption Taxes Consumption Taxes

$907.2 Million $899.4 Million

All Other Taxes All Other Taxes

$1.16 Billion $1.23 Billion

Non-Tax Revenue Non-Tax Revenue

$15.4 Million $20.8 Million

State Representative Rosemary Brown

Harrisburg Office District Office
(717) 260-6171 www.RepBrown.com (570)420-8301