State’s YTD Revenue $2.6 Billion Short of Projections

Although not quite as bad as April, Pennsylvania’s revenue collections were nearly $440 million below estimate, pushing the commonwealth’s current revenue shortfall to $2.6 billion. While May did see some loosening of Pennsylvania’s COVID-19 restrictions, the month’s General Fund revenues were still $439.7 million, or 17.3 percent, less than anticipated, leaving the year-to-date General Fund revenue total $2.6 billion short of estimate, according to a report on Monday from the Department of Revenue.