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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.)

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