April revenue figures far outpace projections
HARRISBURG – House Republicans held the line on state spending over multiple budget cycles, and now those smart fiscal policies are paying off. The House Appropriations Committee says revenue collections for the month of April were more than $4.4 billion, which is $465 million more than the Department of Revenue’s official estimate. For the 2018-19 fiscal year, general fund collections total $29.16 billion year-to-date, which is $828.5 million above the official revenue estimate.
“Our caucus led the way on controlling the growth of state spending and standing up for taxpayers when the governor wanted to raise taxes,” said Rep. Stan Saylor (R-York), chairman of the House Appropriations Committee. “But just having more money doesn’t mean it’s time to spend it. It’s vital we continue to focus on controlling spending and creating a long-term surplus to protect taxpayers into the future.”
Corporate tax, personal income tax and sales tax, in particular collections from internet sales, saw the largest increases in overall revenue with each of them coming in well above official estimates from the Department of Revenue.
“Our commitment to opposing unfair and burdensome taxes on hard-working Pennsylvanians is proving to be the right move for our Commonwealth,” said Majority Leader Bryan Cutler (R-Lancaster). “These revenue numbers are just one part of the impact of fiscal responsibility and sound policymaking and that work continues today, as the House is working on additional government regulatory reforms that will allow every Pennsylvanian to grow their own version of the American dream.”
The House now shifts its focus to passing another fiscally responsible budget ahead of the June 30 deadline, while continuing work this month on “Government Done Right” initiatives. Lawmakers began moving bills this week to repeal out-of-date laws and reduce overregulation so every Pennsylvanian can benefit from an economy that continues to grow in the right direction.
Representative Bryan Cutler
100th Legislative District
Pennsylvania House of Representatives
Media Contact: Mike Straub