General Revenue Exceeds Projection

General revenue exceeds projection

General revenue tax collections in June slightly topped a projection, as consumers continued to make purchases ahead of anticipated tariff impacts.

State Treasury: July revenue collections up as new fiscal year begins

The N.J. Department of the Treasury reported Aug. 14 that July revenue collections for the major taxes totaled $3.326 billion, an increase of $88.7 million, or 2.7%, above the same period of last year.  The revenue increase was led by higher net collections from the Gross Income Tax (GIT). Total major revenue of $50.179 billion for the 13-month period ending in July was up by $2.839 billion, or 6%, above the same period last year, in line with c…

NJ Treasury: July revenue collections moderately higher as new fiscal year begins - WRNJ Radio

TRENTON, N.J.– The Department of the Treasury reported Thursday that July revenue collections for the major taxes totaled $3.326 billion, an increase of $88.7 million, or 2.7 percent above last year. The revenue increase was led by higher net collections from the Gross Income Tax (GIT). Total major revenues of $50.179 billion for the 13-month period ending in July were up by $2.839 billion, or 6.0 percent above the same period last year, in line…