New Jersey April Tax revenue collections 5.3% below budget goals
New Jersey’s April revenue was 5.3 percent below Governor Chris Christie’s targets as income and business taxes fell short, leaving collections $230 million behind forecasts for the first 10 months of this fiscal year.
The state collected $3.26 billion last month, less than its projection of $3.44 billion. Income taxes were 2.8 percent less than forecast and corporate levies were 22.1 percent under budget, Treasurer Andrew Sidamon-Eristoff said in a statement. (Servetah and Dopp, Bloomberg)
