Pennsylvania House of Representatives

Economic Brief
State Representative Marguerite Quinn
March 2011

February 2011 General Fund Revenues

fall short of Department of Revenue estimate.

February General Fund revenue collections were short
of Department of Revenue estimates by 1.3 percent or $20
Million.

In February, the corporate tax category was the only

major tax category to come in above estimate for the month.
Corporate taxes were above estimate by 17 percent or $11
Million. Consumption taxes missed projections by 2 percent or
$13 Million and Personal Income Tax collections were 3 percent
or $23 Million under Department of Revenue expectations. EMPLOYMENT STATISTICS
January 2011 Monthly Change
Year-to-date actual collections for all three major tax Labor Force 6.344 Million +18,000*
categories still remain higher than Department of Revenue
year-to-date estimates. Corporation taxes are 7.9 percent Unemployment Rate 8.2% -0.3
or $104 Million above estimate, consumption taxes are 1.4
Total Employment 5.821 Million +30,000*
percent or $88 Million above estimate, and Personal Income
Tax collections are 1 percent or $65 Million over year-to-date 12-Month Growth
expectations. All together, the General Fund is $243 Million or Total Employment +30,000*
1.6 percent over expectations for the year.
Unemployment Rate -0.6
* Includes annual benchmarking adjustments
General Fund Revenue FEBRUARY REVENUE COLLECTIONS
Estimate Actual
Actual Collections

Estimated Collections
Corporation Taxes Corporation Taxes

$68.6 Million $80.3 Million

Consumption Taxes Consumption Taxes

$687.4 Million $673.5 Million

All Other Taxes All Other Taxes

$774 Million $752 Million

Non-Tax Revenue Non-Tax Revenue

$21.2 Million $23.6 Million

District Office
State Representative Marguerite Quinn Harrisburg Office
(215) 489-2126 www.RepQuinn.net (717) 772-1413