The Independent Fiscal Office (IFO) and state Department of Revenue have released June 2025 Fiscal Year End revenue reports for the Commonwealth. The state collected $3.74 billion in June, the final month of the commonwealth’s fiscal year. Collections were 2.2% higher than anticipated by the IFO for the month and 3% higher than June 2024. 2024 Fiscal Year Revenues totaled $46.41 billion, 1.4% above the IFO estimate. Note higher than expected revenues for the year yielded $46.41 billion, but the Governor wants to spend over $51 Billion in a new budget….maybe that is why there isn’t a budget yet? Townships know not to spend more than they take in. 

The Motor License Fund received $269.1 million in June, $4.7 million below estimates. Fiscal year-to-date revenues for the year are 3.6% above estimates. The fund includes liquid fuels taxes and other license, fine, and fee revenues. Click here for the IFO report and here for Revenue’s report.