Monday, October 3, 2011

Pennsylvania- Maybe Government Needs To Go On A Diet

Three days ago the Pittsburgh Tribune published this article about tax revenue by Thomas Olson.

Pennsylvania tax revenue increases 6.2% over last year

If Pennsylvania's tax collections are any guide, the state's economy is starting to pull out of its recessionary slump, according to experts in Harrisburg.

Overall tax receipts from individuals and companies in Pennsylvania for the fiscal year ended June 30 increased 6.2 percent to nearly $26.5 billion, according to the state Department of Revenue. And taxes of $194 million collected in July and August, the first two months of the current fiscal year, were 5.9 percent ahead of last year's pace.

Today the Times Leader features this article.

Pa. state tax revenues lag expectations by $215M

HARRISBURG, Pa. (AP) — Pennsylvania tax collections are lagging $215 million behind projections after the first three months of the state government's fiscal year.

State Revenue Secretary Daniel Meuser announced Monday the state general fund brought in $5.8 billion from the start of July through the end of September. That's 3.5 percent below expectations.

September collections were $152 million less than had been estimated. Major categories contributing to the shortfall are corporate and personal income taxes.

However, taxes on liquor, cigarettes and table games are running ahead of expectations.

What a beautiful dysfunctional state.  Jobs and sales of goods aren't leading us out of the recession.  The vices are.  They should just legalize prostitution and get it over with.

Maybe this is what they mean by tolling 80!!!

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