City tax revenues rose $200 million during the fiscal year that just ended, the city controller said Monday.
The 2013 fiscal year that ended June 30 saw revenue increases for almost every city tax, City Controller Alan Butkovitz stated in a news release.
The realty transfer tax brought in $28 million more than it did in the 2012 fiscal year. The business privilege tax brought in 19 percent more than it did in 2012. Similarly, there was a 16 percent rise in tobacco taxes and an 8 percent increase in real estate taxes.
The controller’s deputy, Harvey Rice, said the 2-year-old tobacco tax’s increase was due to more compliance. He said real estate and business tax rises were due to a rebound in the economy and might also be due to increased collection efforts.
One revenue stream that slowed in the 2013 fiscal year was the amusement tax, which dropped 14 percent. That decline could be attributed to Philadelphia’s pro sports teams not making it into post-season play, which resulted in fewer ticket sales.
The 5 percent tax is imposed on the ticket prices of any amusement event in the city — including concerts, movies and games. ••