Pa. tax collections still lagging behind forecasts
HARRISBURG, Pa. (AP) — The Pennsylvania Revenue Department says general-fund revenue collections for May came in nearly $125 million below projections.
The figures released today left the state $1.2 billion below assumptions for the fiscal year that wraps up at the end of June.
Year-to-date collections are running nearly 5 percent less than anticipated.
The weak numbers are an ominous sign for the always contentious state budget talks that will accelerate over the coming weeks.
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