Pa.’s revenues take another coronavirus blow in May, falling $440 million short of expectations

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By: Charlotte Keith

HARRISBURG — Pennsylvania’s tax revenues dropped 17% below official estimates in May, new figures from the state Department of Revenue show, as the economic fallout from the coronavirus continues to wreak havoc on the state’s finances.

Just over half of the roughly $440 million shortfall was due to the economic slowdown caused by efforts to contain the outbreak. The rest represents revenues that have been delayed due to the extension of several tax deadlines, and which the state expects to collect later in the summer.

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