PICA Issues Monthly Tax Revenue Update for December

December Tax Collections Increase Over Last Year The City collected approximately $335.9 million in General Fund tax revenue in December of 2021, compared to $213.8 million in December of 2020, an increase of approximately $122.1 million for FY2022, or 57.4%. Some of that increase is attributable to lower-than-usual collections last December when the City was in the midst of a surge in Covid-19 cases. The combined City portion of the wage, earnings, and net profits taxes