March revenue better than expected in Pa.

    Pennsylvania’s March revenue came in below projections, but above what state officials expected.

    The commonwealth is still $232 million in the black for the current fiscal year.

    Officials had expected March revenue to come in as much as $80 million below projections, according to Senate Appropriations Committee Chairman Jake Corman. Instead, the Revenue Department’s totals show a $10.5 million deficit.

    The Corbett Administration expects a surplus of just under $80 million at the end of June. If that turns out to be more, there will be pressure to increase next year’s spending above the $27.3 billion Gov. Tom Corbett insists is his absolute ceiling.

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    March sales and income tax came in ahead of projections. While poor corporate taxes dragged the total below estimates, Pennsylvania has collected $19.2 billion dollars so far this year.

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