Wednesday, July 1, 2015

Philly collects record $24M in monthly sales taxes

Thanks to a strong Christmas shopping season

Philly collects record $24M in monthly sales taxes

0 comments

Philadelphia collected $23.9 million from the city's surcharge on state sales taxes last month, "the highest one-month sales tax collection ever recorded by the City," according to elected city controller Alan Butkovitz.

February’s total, which includes Christmas sales tax collections recorded late due to the delay in sending the city's piggybacked tax payments from Philadelphia to Harrisburg and back, rose $1.14 million from the year before.

The city sales tax hit the current 8% (2% for the city, 6% for the state) in 2010 after state and city legislators gave Mayor Nutter the increase to fill the gap from falling property taxes and rising retiree pension fund payments.

The previous record month was August 2010, when sales tax collections topped $23.4 million.

0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Also on Philly.com:
letter icon Newsletter