Pennsylvania Closes Fiscal Year With Surplus, Exceeds Revenue Projections

Pennsylvania Closes Fiscal Year With Surplus, Exceeds Revenue Projections

HARRISBURG, PA — Pennsylvania concluded its 2024-25 fiscal year with $46.4 billion in General Fund collections, surpassing expectations by $321 million, or 0.7 percent, according to Revenue Secretary Pat Browne. Secretary Browne described the surplus as a sign of the state’s strong financial health, crediting a conservative and well-calibrated forecast that kept final collections within one percent of original projections. Sales tax collections …

State ends fiscal year with record revenue - Mahomet Daily

by Ben Szalinski, Capitol News Illinois July 2, 2025 Article Summary: Illinois closed fiscal year 2025 with record $54 billion in revenue. While that marked a surplus from the enacted budget, the extra revenue was anticipated when lawmakers approved the current-year budget in May. It doesn’t give lawmakers any extra breathing room for an expected volatile fiscal year 2026. This summary was written by the reporters and editors who worked on thi…