Philadelphia Pennsylvania Sales Tax Revenue Highest Ever
- Mar 12, 2012 | Susan McLain
The February sales tax revenues in Philadelphia, Pennsylvania reflected “…$1.14 million more than sales tax collections from February last year, which suggests the City realized a strong holiday shopping season.” A special economic update was issued by City Controller Alan Butkovitz indicating that “…February’s sales tax revenues totaled $23.9 million, marking the highest one-month sales tax collection ever recorded by the City.”
In Fiscal Year 2010, the City’s sales tax rate increased to 8 percent. Since then, “[s]ales tax revenues for February have increased every year.” Of that 8 percent, the City receives 2 percent and the State keeps 6 percent.