NJ Tax Revenue Up in June
New Jersey’s Treasury Department says the state’s tax revenues in June were well above both last June’s collections and the state’s own projections.Treasurer Andrew Sidamon-Eristoff says that shows the state’s economy is improving.
Total state government cash revenue for June was $2.9 billion, including nearly $1.1 billion from income taxes and $726 million in income taxes.
The state says the June income tax collections were an all-time monthly high.
For the fiscal year that ended June 30, revenues were $25.7 billion. That’s $143 million or .6 percent above the state’s projections.
(Copyright 2013 by The Associated Press. All Rights Reserved.)