Pa. posts first-quarter revenue results
In our quest to present positive news, sometimes we have to settle for news that’s not as bad as it could have been.
And so it is with Pennsylvania’s revenue report for the first quarter of the 2020-21 fiscal year. September collections totaled $3.3 billion in General Fund revenue, 8.3% greater than projections.
Collections for the fiscal year to date were $9.9 billion, 4.9% more than projections.
Moreover, the Motor License Fund, which receives its revenue primarily from fuel taxes and license and registration fees, has collected $770 million year to date, essentially equal to projections, another positive sign.
However, PennDOT estimates that the Commonwealth’s transportation funding gap is $9 billion annually. The transportation construction industry has launched an advocacy campaign aimed at policymakers in hopes that transportation funding needs will be recognized and addressed.
An explanation of how we arrived at this point, and steps that would help reduce the gap, can be found at this link.
