HARRISBURG, Pa. (AP) — Pennsylvania is continuing its rebound from the coronavirus pandemic, as the state reports that tax collections through May were almost $3 billion ahead of expectations.
The Department of Revenue said Tuesday that collections for the state’s main operating account were $36.6 billion through May. That is $2.9 billion, or 8.5%, above estimate, with another month to go until the fiscal year ends.
Last summer, budgetmakers had warned of a multibillion-dollar deficit because of the pandemic’s impact. Gov. Tom Wolf and the Republican-controlled Legislature also must decide how to allocate $7.3 billion from the American Rescue Plan bill signed by President Joe Biden in March.