Pennsylvania continued its rebound from the coronavirus pandemic, as the state reported Tuesday that tax collections through May were almost $3 billion ahead of expectations. Collections for the state’s main operating account were $36.6 billion through May, the 11th month of the fiscal year, the Department of Revenue said.
That is $2.9 billion, or 8.5%, above estimate, with another month to go until the 2020-21 fiscal year ends June 30. Last summer, budgetmakers had warned of a multibillion-dollar deficit because of the pandemic’s impact.