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  • Monthly Tax Update for October 2019

Monthly Tax Update for October 2019

City Sees Double-Digit Increase in October Collections

Year-to-Date Collections Ahead of Last Year by Seven Percent

November 18, 2019 – The City collected approximately $253.9 million in General Fund tax revenue in October of FY2020, compared to $227.9 million in October FY2019, an increase of approximately $26.1 million, or 11.4 percent, according to preliminary figures. Every tax category saw increases in collections compared to last October except the amusement tax, which decreased by over $700,000, or 38.2 percent. The realty transfer tax increased by $9.5 million (32.7 percent), other miscellaneous by $59,577 (20 percent) and the business income and receipts tax (“BIRT”) increased by $3.1 million (18.3 percent)—all double-digit increases. The beverage tax increased for the second consecutive month, by $1.3 million, or 19.4 percent. The City portion of the combined wage, earnings, and net profits taxes increased by $11.6 million (8.0 percent), as did the real estate, city sales, and parking taxes, by $363,303 (5.5 percent), $519,756 (3.9 percent), and $350,201 (4.3 percent), respectively.

For the full report, click here.

For past reports, click here.

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Uncategorized
Monthly Tax Update for September 2019
JUST RELEASED: PICA’s Redesigned Staff Report on City’s First 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
Financial Oversight for the City of Philadelphia


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