Governor Rendell Applauds Accuracy of Revenue Estimates

HARRISBURG, Pa., Dec. 1, 2010 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today lauded the work of the state Budget Office and Department of Revenue for the accuracy of their revenue projections.

This fiscal year, revenue collections in every month but September have been within less than one-half of one percent of the estimates certified by the Budget Office and Department of Revenue.

"This proves the incredible accuracy of our revenue estimate for the current fiscal year as developed by the Budget Office and Department of Revenue," Governor Rendell said. "Budget Secretary Mary Soderberg and Revenue Secretary Dan Hassell, and their staffs, have done an outstanding job."

Through Nov. 30, fiscal year-to-date General Fund collections were $14 million, or 0.2 percent, above estimates; in October collections were $18.5 million, or 0.2 percent, above estimate; in September collections were $75.8 million, or 1.3 percent, above estimate; in August collections were $6 million, or 0.2 percent, above estimate.

Media contact: Gary Tuma, 717-783-1116

SOURCE Pennsylvania Office of the Governor