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  • Monthly Tax Update for July 2019

Monthly Tax Update for July 2019

Tax Collections Increase in First Month of Fiscal Year

City Projects $3.636 Billion in Taxes for Fiscal Year 2020

The City collected approximately $253.3 million in General Fund tax revenue in July 2019 (the first month of the fiscal year), compared to $239.0 million in June 2018, an increase of approximately $14.3 million, or 6.0 percent, according to preliminary figures. Several tax categories saw increases in collections compared to last year, such as the City portion of the wage, earnings, and net profits taxes; the business income and receipts tax (“BIRT”); the City sales tax; and other miscellaneous taxes. However, several tax categories experienced decreases in collections to begin the fiscal year, such as the real estate, realty transfer, parking, beverage, and amusement taxes. Yet the total collections for tax categories that increased far outpaced the categories that decreased, ensuring year-over-year collections increased in July.

For the full report, click here.

For past reports, click here.

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Uncategorized
PICA Board Unanimously Approves City’s FY2020-FY2024 Five Year Plan
PICA’s Staff Report on City’s Fourth Quarter QCMR

Calendar of Events

December 2019
SSunday MMonday TTuesday WWednesday TThursday FFriday SSaturday
1December 1, 2019 2December 2, 2019 3December 3, 2019 4December 4, 2019 5December 5, 2019 6December 6, 2019 7December 7, 2019
8December 8, 2019 9December 9, 2019 10December 10, 2019 11December 11, 2019 12December 12, 2019 13December 13, 2019 14December 14, 2019
15December 15, 2019 16December 16, 2019 17December 17, 2019 18December 18, 2019 19December 19, 2019 20December 20, 2019 21December 21, 2019
22December 22, 2019 23December 23, 2019 24December 24, 2019 25December 25, 2019 26December 26, 2019 27December 27, 2019 28December 28, 2019
29December 29, 2019 30December 30, 2019 31December 31, 2019 1January 1, 2020 2January 2, 2020 3January 3, 2020 4January 4, 2020
  • 12:15 pm, December 17, 2019 – PICA Monthly Board Meeting
  • 12:15 pm, January 21, 2020 – PICA Monthly Board Meeting
  • 12:15 pm, February 18, 2020 – PICA Monthly Board Meeting
  • 12:15 pm, March 17, 2020 – PICA Monthly Board Meeting
  • 12:15 pm, April 21, 2020 – PICA Monthly Board Meeting
  • 12:15 pm, May 19, 2020 – PICA Monthly Board Meeting

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Pennsylvania Intergovernmental Cooperation Authority
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