September 2017 Economic Report

Tax Revenues

Tax revenues for the City’s General Fund and PICA portion for the month of September totaled $225.7 million, marking a 13 percent increase compared to last September. A breakdown of the total revenues included almost $190 million into the General Fund and $35.7 million as the PICA portion.

Home Sales

Home sales across several South Philadelphia neighborhoods recorded the most sales in September. This included total sales in 19146, 60; 19148, 59; and 19147, 58. Sales in these three zipcodes accounted for 13 percent of total city sales.

In addition, total monthly home sales were slightly below last September, which is a reversal in the trend of sales outpacing the prior year. Sales are still significantly above amounts recorded five years ago by 60 percent.

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